Baidu Inc (NASDAQ:BIDU) has been given a consensus rating of “Buy” by the twenty-nine brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $284.48.
BIDU has been the topic of several recent analyst reports. Citigroup raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $307.00 target price on the stock in a research note on Friday, April 27th. Benchmark reissued a “buy” rating and set a $300.00 target price (up from $285.00) on shares of Baidu in a research note on Friday, April 27th. Deutsche Bank initiated coverage on shares of Baidu in a research note on Thursday, March 15th. They issued a “buy” rating and a $319.00 price target on the stock. ValuEngine raised shares of Baidu from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $257.00 price target on the stock in a research note on Tuesday, April 17th.
BIDU stock opened at $266.91 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 2.00. Baidu has a 52-week low of $173.52 and a 52-week high of $284.22. The stock has a market cap of $93.63 billion, a PE ratio of 33.12, a PEG ratio of 1.46 and a beta of 1.83.
A number of hedge funds have recently added to or reduced their stakes in the business. Trustcore Financial Services LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $109,000. Whittier Trust Co. increased its holdings in shares of Baidu by 88.5% during the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after buying an additional 230 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $135,000. Virtue Capital Management LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $155,000. Finally, Circle Wealth Management LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $211,000. Institutional investors own 61.18% of the company’s stock.
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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