Baidu (NASDAQ:BIDU) Price Target Cut to $180.00 by Analysts at Benchmark

Baidu (NASDAQ:BIDU - Free Report) had its price objective cut by Benchmark from $210.00 to $180.00 in a research note released on Monday, Benzinga reports. They currently have a buy rating on the information services provider's stock.

Several other analysts also recently commented on BIDU. Barclays lowered their price objective on Baidu from $138.00 to $133.00 and set an overweight rating for the company in a research note on Thursday, February 29th. Citigroup reduced their target price on shares of Baidu from $181.00 to $176.00 and set a buy rating for the company in a research note on Tuesday, April 9th. HSBC cut their target price on Baidu from $157.00 to $145.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com lowered Baidu from a buy rating to a hold rating in a report on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Baidu currently has a consensus rating of Moderate Buy and an average price target of $169.50.

Baidu Stock Down 0.1 %

Shares of NASDAQ BIDU traded down $0.08 during mid-day trading on Monday, reaching $113.33. 1,879,998 shares of the company's stock traded hands, compared to its average volume of 3,429,806. 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 business has a 50-day simple moving average of $103.06 and a 200 day simple moving average of $108.07. The stock has a market cap of $39.74 billion, a P/E ratio of 14.68 and a beta of 0.68. Baidu has a 1-year low of $94.25 and a 1-year high of $156.98.

Institutional Investors Weigh In On Baidu

A number of large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in Baidu by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 31,478 shares of the information services provider's stock valued at $4,229,000 after acquiring an additional 794 shares during the last quarter. Raymond James & Associates grew its stake in shares of Baidu by 6.7% during the third quarter. Raymond James & Associates now owns 5,996 shares of the information services provider's stock valued at $806,000 after buying an additional 375 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Baidu by 3.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 20,377 shares of the information services provider's stock worth $2,738,000 after buying an additional 710 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Baidu by 34.6% in the 3rd quarter. Mackenzie Financial Corp now owns 2,566 shares of the information services provider's stock valued at $331,000 after acquiring an additional 659 shares during the last quarter. Finally, Calamos Wealth Management LLC grew its position in Baidu by 3.6% during the 3rd quarter. Calamos Wealth Management LLC now owns 10,016 shares of the information services provider's stock worth $1,346,000 after acquiring an additional 351 shares during 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.