Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

Baidu, Inc. (NASDAQ:BIDU – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $146.1111.

Several brokerages recently issued reports on BIDU. National Bankshares raised Baidu to an “outperform” rating in a research report on Monday, November 24th. Nomura Securities upgraded Baidu from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group upped their target price on Baidu from $154.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Zephirin Group initiated coverage on shares of Baidu in a research report on Monday, September 15th. They set a “sell” rating and a $92.00 target price for the company. Finally, Bank of America boosted their price target on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th.

View Our Latest Analysis on BIDU

Baidu Price Performance

BIDU stock opened at $125.66 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. Baidu has a 52-week low of $74.71 and a 52-week high of $149.51. The company has a market capitalization of $43.41 billion, a P/E ratio of 41.75 and a beta of 0.44. The company has a fifty day moving average price of $124.11 and a 200-day moving average price of $104.42.

Institutional Trading of Baidu

A number of institutional investors have recently bought and sold shares of BIDU. Avantax Advisory Services Inc. raised its position in shares of Baidu by 11.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,136 shares of the information services provider’s stock worth $933,000 after acquiring an additional 1,031 shares in the last quarter. Cetera Investment Advisers grew its stake in Baidu by 26.3% during the first quarter. Cetera Investment Advisers now owns 30,029 shares of the information services provider’s stock worth $2,764,000 after purchasing an additional 6,246 shares during the period. Assetmark Inc. grew its stake in Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after purchasing an additional 192 shares during the period. Mackenzie Financial Corp increased its holdings in Baidu by 103.6% in the first quarter. Mackenzie Financial Corp now owns 58,900 shares of the information services provider’s stock worth $5,421,000 after purchasing an additional 29,964 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Baidu during the 1st quarter worth approximately $367,000.

About Baidu

(Get Free Report)

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.

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