Baidu, Inc. (NASDAQ:BIDU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $151.0556.

Several brokerages have recently commented on BIDU. National Bankshares upgraded shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. UBS Group set a $215.00 price objective on shares of Baidu in a research report on Monday, January 12th. Daiwa Capital Markets set a $160.00 target price on Baidu and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Dbs Bank upgraded Baidu from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $177.00 in a research note on Thursday, September 25th. Finally, Nomura Securities raised Baidu from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Binnacle Investments Inc bought a new stake in shares of Baidu during the 2nd quarter valued at approximately $29,000. Winthrop Capital Management LLC acquired a new stake in Baidu in the second quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. acquired a new stake in Baidu in the second quarter valued at approximately $43,000. UMB Bank n.a. grew its stake in shares of Baidu by 65.0% during the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after buying an additional 134 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares in the last quarter.

Baidu Trading Up 0.1%

BIDU opened at $149.53 on Monday. Baidu has a twelve month low of $74.71 and a twelve month high of $154.29. The company has a 50-day simple moving average of $127.81 and a 200 day simple moving average of $114.73. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $51.66 billion, a price-to-earnings ratio of 49.68 and a beta of 0.30.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.