Brokerages Set Baidu, Inc. (NASDAQ:BIDU) PT at $110.83

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $109.55.

A number of equities analysts recently issued reports on BIDU shares. Mizuho increased their target price on shares of Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Barclays decreased their price objective on shares of Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

Baidu Trading Up 0.1%

NASDAQ:BIDU opened at $89.34 on Wednesday. Baidu has a 1 year low of $74.71 and a 1 year high of $116.25. The business has a fifty day moving average of $88.87 and a 200-day moving average of $87.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market cap of $30.86 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.96 and a beta of 0.37.

Institutional Trading of Baidu

Several institutional investors and hedge funds have recently bought and sold shares of BIDU. Creekmur Asset Management LLC purchased a new position in shares of Baidu in the first quarter worth approximately $29,000. Assetmark Inc. boosted its stake in Baidu by 143.3% in the 1st 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. UMB Bank n.a. grew its position in Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after purchasing an additional 179 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in Baidu during the 4th quarter valued at $42,000. Finally, CX Institutional purchased a new stake in shares of Baidu in the first quarter valued at $49,000.

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.