Brokerages Set Baidu, Inc. (NASDAQ:BIDU) PT at $113.75

Baidu, Inc. (NASDAQ:BIDU) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $113.75.

A number of research analysts have commented on BIDU shares. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $85.00 in a report on Monday, November 25th. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Monday, November 25th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Citigroup dropped their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th.

Baidu Price Performance

BIDU opened at $89.32 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market capitalization of $31.32 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The company’s 50 day simple moving average is $86.18 and its 200-day simple moving average is $88.53. Baidu has a one year low of $77.19 and a one year high of $116.25.

Institutional Investors Weigh In On Baidu

A number of hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Baidu during the 3rd quarter worth approximately $1,054,000. Fred Alger Management LLC acquired a new position in shares of Baidu in the third quarter valued at approximately $790,000. SG Americas Securities LLC increased its position in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after acquiring an additional 227,338 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Baidu during the third quarter worth $72,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Baidu in the 4th quarter valued at $558,000.

About Baidu

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.