Baidu (NASDAQ:BIDU) Given New $180.00 Price Target at Mizuho

Baidu (NASDAQ:BIDUGet Rating) had its target price decreased by investment analysts at Mizuho from $200.00 to $180.00 in a report released on Wednesday, The Fly reports. The firm currently has a “buy” rating on the information services provider’s stock. Mizuho’s price target points to a potential upside of 85.57% from the stock’s previous close.

Several other analysts have also recently issued reports on BIDU. Susquehanna cut their price target on shares of Baidu from $200.00 to $195.00 and set a “positive” rating on the stock in a report on Monday, September 12th. Jefferies Financial Group dropped their target price on shares of Baidu from $236.00 to $217.00 in a report on Thursday, October 13th. KGI Securities cut shares of Baidu from an “outperform” rating to a “neutral” rating in a report on Monday, October 24th. Macquarie began coverage on shares of Baidu in a report on Tuesday, August 23rd. They set an “outperform” rating and a $188.00 target price on the stock. Finally, UBS Group dropped their price objective on shares of Baidu from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.88.

Baidu Trading Up 2.0 %

BIDU opened at $97.00 on Wednesday. The stock has a market capitalization of $33.52 billion, a PE ratio of 59.51, a P/E/G ratio of 0.72 and a beta of 0.56. The firm’s fifty day moving average price is $101.60 and its 200 day moving average price is $125.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. Baidu has a 12-month low of $73.58 and a 12-month high of $171.87.

Institutional Investors Weigh In On Baidu

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its holdings in shares of Baidu by 4.0% during the second 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. Retirement Group LLC raised its holdings in Baidu by 92.0% during the 2nd quarter. Retirement Group LLC now owns 167 shares of the information services provider’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in Baidu by 2.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider’s stock worth $459,000 after purchasing an additional 88 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Baidu by 3.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,102 shares of the information services provider’s stock worth $469,000 after buying an additional 90 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd grew its position in shares of Baidu by 16.0% during the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 695 shares of the information services provider’s stock worth $100,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 26.55% of the company’s stock.

Baidu Company Profile

(Get Rating)

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.

Featured Stories

The Fly logo

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.