Mizuho Lowers Baidu (NASDAQ:BIDU) Price Target to $200.00

Baidu (NASDAQ:BIDUGet Rating) had its target price reduced by stock analysts at Mizuho from $275.00 to $200.00 in a research note issued on Monday, The Fly reports. Mizuho’s target price points to a potential upside of 100.60% from the company’s previous close.

BIDU has been the topic of a number of other research reports. Citigroup cut their price target on Baidu from $204.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, October 14th. Macquarie started coverage on Baidu in a report on Tuesday, August 23rd. They set an “outperform” rating and a $188.00 target price for the company. KGI Securities cut Baidu from an “outperform” rating to a “neutral” rating in a report on Monday, October 24th. Barclays lowered their target price on Baidu from $146.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $160.00 to $200.00 in a report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

Baidu Stock Up 9.0 %

NASDAQ:BIDU opened at $99.70 on Monday. The stock’s fifty day moving average price is $106.28 and its two-hundred day moving average price is $126.58. Baidu has a 52-week low of $73.58 and a 52-week high of $173.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market cap of $34.45 billion, a price-to-earnings ratio of -17.40, a P/E/G ratio of 0.68 and a beta of 0.56.

Institutional Investors Weigh In On Baidu

Hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its stake in Baidu by 9.5% in the 1st quarter. Vontobel Holding Ltd. now owns 96,357 shares of the information services provider’s stock valued at $12,748,000 after purchasing an additional 8,323 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Baidu by 155.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 28,082 shares of the information services provider’s stock valued at $3,716,000 after purchasing an additional 17,071 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Baidu by 10.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 469,015 shares of the information services provider’s stock valued at $62,050,000 after purchasing an additional 45,334 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in Baidu by 16.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 3,268 shares of the information services provider’s stock valued at $486,000 after purchasing an additional 465 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Baidu by 3.9% during the first quarter. HighTower Advisors LLC now owns 33,417 shares of the information services provider’s stock worth $4,440,000 after acquiring an additional 1,255 shares during the last quarter. 26.55% of the stock is currently owned by institutional investors and hedge funds.

Baidu Company Profile

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Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

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