Baidu (NASDAQ:BIDU) Given New $115.00 Price Target at Mizuho

Baidu (NASDAQ:BIDU) had its price target cut by Mizuho from $130.00 to $115.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

A number of other equities research analysts also recently issued reports on BIDU. Citigroup decreased their price objective on Baidu from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Barclays cut their target price on Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Hsbc Global Res cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Susquehanna cut their target price on Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research note on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.29.

Baidu Trading Down 3.9 %

Shares of BIDU stock opened at $84.80 on Tuesday. Baidu has a 1 year low of $79.68 and a 1 year high of $126.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The stock’s 50 day simple moving average is $93.44 and its two-hundred day simple moving average is $93.93. The company has a market cap of $29.74 billion, a PE ratio of 11.17 and a beta of 0.51.

Hedge Funds Weigh In On Baidu

A number of institutional investors have recently modified their holdings of BIDU. Primecap Management Co. CA raised its stake in shares of Baidu by 17.2% during the 2nd quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock valued at $1,033,238,000 after buying an additional 1,753,577 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Baidu by 12,065.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock valued at $1,127,330,000 after acquiring an additional 1,061,893 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Baidu by 49.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,018,685 shares of the information services provider’s stock valued at $107,247,000 after acquiring an additional 338,110 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Baidu by 103.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 582,475 shares of the information services provider’s stock valued at $51,192,000 after acquiring an additional 295,700 shares during the period. Finally, XY Capital Ltd acquired a new stake in shares of Baidu during the 2nd quarter valued at about $23,880,000.

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.