Baidu (NASDAQ:BIDU) had its price objective boosted by stock analysts at Mizuho from $325.00 to $350.00 in a research note issued to investors on Thursday. The brokerage currently has a "buy" rating on the information services provider's stock. Mizuho's price target would suggest a potential upside of 16.38% from the company's previous close.
BIDU has been the subject of a number of other research reports. UBS Group upped their price objective on Baidu from $315.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 19th. Loop Capital upped their price objective on Baidu from $150.00 to $210.00 in a research report on Wednesday, December 23rd. The Goldman Sachs Group upped their price objective on Baidu from $144.00 to $162.00 and gave the company a "buy" rating in a research report on Monday, November 2nd. Citigroup upped their price objective on Baidu from $292.00 to $324.00 in a research report on Friday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on Baidu from $155.00 to $290.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 13th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of "Buy" and a consensus price target of $236.32.
Baidu stock traded down $3.27 during mid-day trading on Thursday, reaching $300.74. 112,737 shares of the stock traded hands, compared to its average volume of 10,678,776. The stock has a market capitalization of $102.58 billion, a PE ratio of 30.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 2.65. Baidu has a 12-month low of $82.00 and a 12-month high of $354.82. The business's 50-day moving average is $266.50 and its 200-day moving average is $172.95.
Baidu announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 8th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co purchased a new stake in shares of Baidu in the 3rd quarter worth $29,000. Cypress Capital Management LLC WY purchased a new stake in Baidu in the fourth quarter worth about $32,000. Lindbrook Capital LLC lifted its stake in Baidu by 48.0% in the third quarter. Lindbrook Capital LLC now owns 259 shares of the information services provider's stock worth $33,000 after acquiring an additional 84 shares during the period. JBF Capital Inc. purchased a new stake in Baidu in the third quarter worth about $33,000. Finally, TD Ameritrade Investment Management LLC purchased a new stake in Baidu in the fourth quarter worth about $35,000. Institutional investors own 49.38% of the company's stock.
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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