Baidu (NASDAQ:BIDU) Price Target Lowered to $110.00 at Jefferies Financial Group

Baidu (NASDAQ:BIDU - Free Report) had its price target reduced by Jefferies Financial Group from $120.00 to $110.00 in a research note published on Wednesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the information services provider's stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup decreased their price target on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Barclays set a $84.00 price target on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Benchmark decreased their price target on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.09.

Baidu Price Performance

Shares of BIDU traded up $1.43 during midday trading on Wednesday, hitting $88.94. 3,676,480 shares of the company traded hands, compared to its average volume of 4,017,175. The stock has a 50-day moving average of $86.69 and a 200-day moving average of $87.71. Baidu has a one year low of $74.71 and a one year high of $116.25. The firm has a market cap of $30.72 billion, a P/E ratio of 8.85 and a beta of 0.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29.

Institutional Trading of Baidu

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox boosted its stake in Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after buying an additional 22,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 worth $490,035,000 after buying an additional 4,964,350 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Baidu by 9.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after buying an additional 207,966 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Baidu by 0.9% in the first 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 in the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in Baidu by 2.0% in the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock worth $106,399,000 after buying an additional 25,220 shares in the last quarter.

Baidu Company Profile

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.