Baidu (NASDAQ:BIDU) Earns "Buy" Rating from Benchmark

Benchmark restated their buy rating on shares of Baidu (NASDAQ:BIDU - Free Report) in a research report sent to investors on Friday, Benzinga reports. They currently have a $180.00 price target on the information services provider's stock.

BIDU has been the subject of a number of other research reports. Barclays lowered their target price on shares of Baidu from $138.00 to $133.00 and set an overweight rating for the company in a report on Thursday, February 29th. Mizuho reduced their target price on Baidu from $140.00 to $130.00 and set a buy rating on the stock in a report on Friday, May 10th. StockNews.com cut Baidu from a buy rating to a hold rating in a research note on Saturday, March 23rd. Citigroup cut their price target on shares of Baidu from $181.00 to $176.00 and set a buy rating on the stock in a research report on Tuesday, April 9th. Finally, HSBC decreased their price objective on shares of Baidu from $157.00 to $145.00 and set a buy rating for the company in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $162.00.

Baidu Trading Down 1.8 %

Baidu stock traded down $2.01 during trading hours on Friday, reaching $110.58. 6,269,999 shares of the company's stock traded hands, compared to its average volume of 3,474,104. Baidu has a fifty-two week low of $94.25 and a fifty-two week high of $156.98. The firm's 50 day moving average is $104.40 and its 200-day moving average is $108.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $38.77 billion, a price-to-earnings ratio of 14.33 and a beta of 0.68.

Institutional Trading of Baidu

A number of institutional investors have recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Baidu by 6.7% during the 3rd quarter. Raymond James & Associates now owns 5,996 shares of the information services provider's stock worth $806,000 after purchasing an additional 375 shares during the last quarter. Mackenzie Financial Corp raised its position in Baidu by 34.6% during the third quarter. Mackenzie Financial Corp now owns 2,566 shares of the information services provider's stock worth $331,000 after acquiring an additional 659 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Baidu by 487.3% in the third quarter. Daiwa Securities Group Inc. now owns 51,899 shares of the information services provider's stock valued at $7,603,000 after acquiring an additional 43,062 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Baidu by 45.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,057 shares of the information services provider's stock valued at $142,000 after acquiring an additional 330 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Baidu by 9.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,000 shares of the information services provider's stock worth $537,000 after purchasing an additional 355 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.