Baidu Inc (NASDAQ:BIDU) Given Average Rating of “Hold” by Brokerages

Baidu Inc (NASDAQ:BIDU) has been given a consensus recommendation of “Hold” by the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $174.36.

BIDU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on shares of Diageo and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. KeyCorp lifted their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, March 26th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Nomura reduced their price target on shares of Baidu from $181.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, May 20th.

Several large investors have recently modified their holdings of BIDU. American Beacon Advisors Inc. increased its stake in Baidu by 71.2% in the 1st quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Baidu in the 4th quarter valued at $45,000. Cullen Frost Bankers Inc. acquired a new stake in Baidu in the 1st quarter valued at $45,000. Creative Financial Designs Inc. ADV increased its stake in Baidu by 4,837.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the information services provider’s stock valued at $65,000 after buying an additional 387 shares during the last quarter. Finally, Private Capital Group LLC increased its stake in Baidu by 49.5% in the 1st quarter. Private Capital Group LLC now owns 423 shares of the information services provider’s stock valued at $70,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 59.32% of the company’s stock.

Shares of NASDAQ BIDU opened at $112.25 on Friday. The stock’s fifty day moving average price is $114.24. The company has a market capitalization of $39.05 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 6.03 and a beta of 1.64. Baidu has a twelve month low of $106.80 and a twelve month high of $265.73. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.34.

Baidu announced that its Board of Directors has approved a share repurchase program on Thursday, May 16th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information services provider to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Baidu Company Profile

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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