Baidu (NASDAQ:BIDU - Get Free Report) had its price target dropped by stock analysts at Mizuho from $140.00 to $130.00 in a report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the information services provider's stock. Mizuho's target price would indicate a potential upside of 19.64% from the stock's current price.
Other research analysts also recently issued reports about the company. HSBC reduced their target price on Baidu from $157.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. Benchmark decreased their price objective on Baidu from $210.00 to $180.00 and set a "buy" rating for the company in a research note on Monday. Barclays cut their target price on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a research report on Thursday, February 29th. Citigroup decreased their price target on Baidu from $181.00 to $176.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. Finally, StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.64.
View Our Latest Stock Report on BIDU
Baidu Stock Performance
Shares of NASDAQ BIDU traded down $2.21 during midday trading on Friday, reaching $108.66. The company had a trading volume of 2,801,431 shares, compared to its average volume of 3,378,823. The business's 50-day simple moving average is $103.34 and its 200 day simple moving average is $108.12. The stock has a market cap of $38.10 billion, a P/E ratio of 14.36 and a beta of 0.68. Baidu has a 1 year low of $94.25 and a 1 year high of $156.98. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23.
Institutional Investors Weigh In On Baidu
Several institutional investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new position in Baidu during the fourth quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in Baidu in the 1st quarter valued at approximately $32,000. Headinvest LLC acquired a new stake in Baidu during the 3rd quarter valued at approximately $36,000. FNY Investment Advisers LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $42,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Baidu during the 4th quarter valued at $48,000.
About Baidu
(
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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.
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