Barclays Cuts Baidu (NASDAQ:BIDU) Price Target to $81.00

Baidu (NASDAQ:BIDU - Free Report) had its price target decreased by Barclays from $84.00 to $81.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the information services provider's stock.

BIDU has been the subject of a number of other reports. Jefferies Financial Group reduced their price target on shares of Baidu from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday. Macquarie reissued a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Benchmark reduced their price target on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, Citigroup increased their price target on shares of Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Baidu presently has a consensus rating of "Hold" and an average target price of $105.09.

Baidu Price Performance

Shares of NASDAQ:BIDU traded up $0.30 during trading hours on Friday, hitting $87.81. 5,770,088 shares of the company's stock traded hands, compared to its average volume of 4,033,498. Baidu has a 52 week low of $74.71 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 2.29. The company's fifty day simple moving average is $86.71 and its two-hundred day simple moving average is $87.75. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 8.71 and a beta of 0.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new position in Baidu in the first quarter worth $29,000. Assetmark Inc. lifted its holdings in shares of Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after acquiring an additional 192 shares during the period. UMB Bank n.a. lifted its holdings in shares of Baidu by 80.3% during the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after acquiring an additional 179 shares during the period. CX Institutional bought a new position in shares of Baidu during the first quarter valued at $49,000. Finally, GeoWealth Management LLC increased its stake in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares in the last quarter.

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.