Benchmark Cuts Baidu (NASDAQ:BIDU) Price Target to $180.00

Baidu (NASDAQ:BIDU) had its price objective cut by Benchmark from $210.00 to $180.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Other research analysts also recently issued reports about the company. HSBC cut their price target on Baidu from $157.00 to $145.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Citigroup cut their target price on Baidu from $181.00 to $176.00 and set a buy rating on the stock in a research note on Tuesday, April 9th. Barclays lowered their price target on shares of Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a report on Thursday, February 29th. Finally, StockNews.com lowered shares of Baidu from a buy rating to a hold rating in a research note on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $169.50.

Baidu Price Performance

NASDAQ BIDU opened at $110.87 on Monday. The company has a market cap of $38.88 billion, a PE ratio of 14.36 and a beta of 0.68. Baidu has a 52-week low of $94.25 and a 52-week high of $156.98. 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’s 50 day moving average price is $103.34 and its 200-day moving average price is $108.12.

Institutional Investors Weigh In On Baidu

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its position in Baidu by 7.0% during the 4th quarter. Nordea Investment Management AB now owns 347,788 shares of the information services provider’s stock worth $41,429,000 after acquiring an additional 22,797 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in Baidu by 8.8% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock valued at $171,336,000 after buying an additional 116,047 shares during the last quarter. Jennison Associates LLC increased its holdings in Baidu by 54.5% in the 4th quarter. Jennison Associates LLC now owns 85,306 shares of the information services provider’s stock worth $10,159,000 after buying an additional 30,103 shares during the period. Northern Trust Corp raised its position in Baidu by 1.2% during the 3rd quarter. Northern Trust Corp now owns 179,688 shares of the information services provider’s stock worth $24,141,000 after buying an additional 2,202 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Baidu by 20.0% during the 4th quarter. New York State Common Retirement Fund now owns 58,877 shares of the information services provider’s stock valued at $7,012,000 after acquiring an additional 9,800 shares during the period.

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.