Baidu (NASDAQ:BIDU) Price Target Lowered to $176.00 at Citigroup

Baidu (NASDAQ:BIDU - Get Free Report) had its target price decreased by Citigroup from $181.00 to $176.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the information services provider's stock. Citigroup's price objective suggests a potential upside of 70.05% from the company's current price.

Several other analysts also recently issued reports on BIDU. Benchmark reissued a "buy" rating and issued a $210.00 price objective on shares of Baidu in a research note on Monday, December 18th. StockNews.com lowered Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. Finally, Barclays cut their price objective on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.73.

Baidu Trading Up 0.4 %

Shares of Baidu stock traded up $0.45 during trading on Tuesday, hitting $103.50. The stock had a trading volume of 2,480,500 shares, compared to its average volume of 3,400,210. Baidu has a 12 month low of $96.58 and a 12 month high of $156.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The firm's fifty day simple moving average is $105.01 and its 200-day simple moving average is $111.88. The stock has a market cap of $36.29 billion, a PE ratio of 13.41 and a beta of 0.68.

Hedge Funds Weigh In On Baidu

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of Baidu by 4.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider's stock valued at $289,000 after acquiring an additional 75 shares during the period. United Capital Financial Advisers LLC boosted its position in Baidu by 2.6% during the first quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider's stock valued at $459,000 after purchasing an additional 88 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Baidu by 3.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider's stock valued at $398,000 after purchasing an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider's stock worth $3,498,000 after purchasing an additional 99 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Baidu by 0.3% during the fourth quarter. Stifel Financial Corp now owns 37,553 shares of the information services provider's stock valued at $4,472,000 after buying an additional 101 shares during 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.