Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has received an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $128.36.
A number of equities analysts recently issued reports on BIDU shares. Susquehanna decreased their target price on shares of Baidu from $135.00 to $105.00 and set a "positive" rating for the company in a research report on Thursday, September 5th. Sanford C. Bernstein lowered shares of Baidu from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $130.00 to $97.00 in a research report on Friday, August 23rd. Loop Capital decreased their target price on shares of Baidu from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, August 26th. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Barclays reduced their price objective on shares of Baidu from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, August 23rd.
Read Our Latest Stock Analysis on Baidu
Shares of BIDU opened at $89.79 on Friday. The firm has a 50-day moving average price of $92.25 and a 200 day moving average price of $94.61. The firm has a market capitalization of $31.48 billion, a PE ratio of 12.02 and a beta of 0.49. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu has a 52-week low of $79.68 and a 52-week high of $126.23.
Hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in Baidu during the first quarter valued at about $31,000. iA Global Asset Management Inc. purchased a new stake in shares of Baidu in the second quarter worth approximately $52,000. Denver PWM LLC purchased a new stake in shares of Baidu in the second quarter worth approximately $67,000. Allspring Global Investments Holdings LLC lifted its position in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock worth $72,000 after purchasing an additional 593 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider's stock worth $77,000 after purchasing an additional 130 shares in the last quarter.
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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