Analysts Set Baidu, Inc. (NASDAQ:BIDU) Price Target at $111.25

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus rating of “Hold” by the nineteen analysts that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $111.25.

A number of analysts have weighed in on BIDU shares. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Barclays upped their target price on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Finally, Nomura Securities downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th.

Institutional Trading of Baidu

A number of institutional investors and hedge funds have recently modified their holdings of BIDU. Natixis Advisors LLC increased its holdings in Baidu by 18.9% in the 3rd quarter. Natixis Advisors LLC now owns 16,822 shares of the information services provider’s stock valued at $1,771,000 after buying an additional 2,669 shares during the period. Advisors Asset Management Inc. raised its position in Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Baidu by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 198,393 shares of the information services provider’s stock worth $20,889,000 after purchasing an additional 906 shares during the period. DRW Securities LLC bought a new position in Baidu during the third quarter worth about $1,000,000. Finally, Bank of Montreal Can boosted its holdings in Baidu by 5.3% during the third quarter. Bank of Montreal Can now owns 23,558 shares of the information services provider’s stock valued at $2,478,000 after purchasing an additional 1,177 shares in the last quarter.

Baidu Stock Down 1.4 %

BIDU stock opened at $92.03 on Tuesday. The firm has a market cap of $32.27 billion, a PE ratio of 10.04, a PEG ratio of 2.96 and a beta of 0.47. Baidu has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a fifty day simple moving average of $91.79 and a 200 day simple moving average of $90.49. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

Baidu Company Profile

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.