Baidu (NASDAQ:BIDU) Price Target Raised to $105.00

Baidu (NASDAQ:BIDU) had its price target lifted by Mizuho from $95.00 to $105.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the information services provider’s stock.

Other research analysts have also issued research reports about the company. Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a research report on Tuesday. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Friday, January 24th. Finally, Citigroup reduced their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.25.

Baidu Price Performance

Shares of BIDU opened at $91.19 on Wednesday. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.02 and a beta of 0.46. The stock has a 50 day moving average of $87.08 and a 200-day moving average of $88.83. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. Baidu has a 52 week low of $77.19 and a 52 week high of $116.25.

Institutional Trading of Baidu

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after buying an additional 140 shares in the last quarter. Denver PWM LLC raised its stake in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after buying an additional 235 shares in the last quarter. US Bancorp DE raised its stake in shares of Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after buying an additional 270 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after buying an additional 308 shares in 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.