Baidu (NASDAQ:BIDU - Free Report) had its price target lowered by Benchmark from $130.00 to $120.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the information services provider's stock.
Several other equities research analysts also recently issued reports on the company. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. 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 note on Wednesday, February 19th. Wall Street Zen cut Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Barclays decreased their price objective on Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $107.82.
Read Our Latest Stock Analysis on Baidu
Baidu Stock Up 0.1%
Shares of NASDAQ:BIDU traded up $0.05 during trading on Thursday, reaching $83.86. 1,890,190 shares of the company traded hands, compared to its average volume of 4,957,193. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu has a 1-year low of $74.71 and a 1-year high of $116.25. The firm has a fifty day simple moving average of $87.67 and a 200 day simple moving average of $87.76. The firm has a market cap of $28.97 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37.
Institutional Trading of Baidu
A number of hedge funds and other institutional investors have recently modified their holdings of BIDU. Dodge & Cox grew its position in Baidu by 0.4% during the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after acquiring an additional 22,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Baidu by 1,377.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock valued at $490,035,000 after buying an additional 4,964,350 shares during the period. Pictet Asset Management Holding SA raised its holdings in Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock valued at $203,213,000 after buying an additional 207,966 shares during the last quarter. Appaloosa LP raised its holdings in Baidu by 7.2% in the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock valued at $128,818,000 after buying an additional 102,909 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Baidu by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,973 shares of the information services provider's stock worth $125,338,000 after buying an additional 11,658 shares during the period.
About Baidu
(
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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.
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