Baidu, Inc. (NASDAQ:BIDU) Receives Average Rating of “Buy” from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $171.64.

Several analysts have recently issued reports on BIDU shares. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Citigroup lowered their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Barclays lowered their price target on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, HSBC decreased their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th.

Baidu Trading Up 1.5 %

BIDU stock opened at $113.41 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market capitalization of $39.77 billion, a PE ratio of 14.69 and a beta of 0.68. Baidu has a 52 week low of $94.25 and a 52 week high of $156.98. The company’s 50-day simple moving average is $102.97 and its 200 day simple moving average is $108.23.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its stake in Baidu by 22.3% during the 1st quarter. Pzena Investment Management LLC now owns 298,781 shares of the information services provider’s stock valued at $31,456,000 after acquiring an additional 54,490 shares in the last quarter. Nordea Investment Management AB increased its stake in Baidu by 14.5% in the 1st quarter. Nordea Investment Management AB now owns 398,387 shares of the information services provider’s stock valued at $42,125,000 after buying an additional 50,599 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of Baidu in the 1st quarter worth approximately $216,000. BNP Paribas bought a new position in shares of Baidu in the first quarter valued at approximately $2,105,000. Finally, Capital Investment Counsel Inc increased its position in shares of Baidu by 9.0% during the first quarter. Capital Investment Counsel Inc now owns 2,425 shares of the information services provider’s stock valued at $255,000 after acquiring an additional 200 shares during the last quarter.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.