Baidu (NASDAQ:BIDU – Free Report) had its price target cut by HSBC from $157.00 to $145.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the information services provider’s stock.
BIDU has been the topic of several other reports. Citigroup dropped their price objective on shares of Baidu from $181.00 to $176.00 and set a buy rating on the stock in a research note on Tuesday, April 9th. Barclays dropped their price objective on shares of Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a research note on Thursday, February 29th. Finally, StockNews.com cut 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of Moderate Buy and an average price target of $171.64.
View Our Latest Analysis on Baidu
Baidu Stock Performance
Institutional Investors Weigh In On Baidu
Large investors have recently added to or reduced their stakes in the business. Black Creek Investment Management Inc. lifted its holdings in Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock valued at $280,698,000 after purchasing an additional 63,239 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Baidu by 15.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after acquiring an additional 238,374 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Baidu by 8.8% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after acquiring an additional 116,047 shares during the period. Invesco Ltd. lifted its holdings in shares of Baidu by 6.4% during the 3rd quarter. Invesco Ltd. now owns 1,301,583 shares of the information services provider’s stock worth $174,868,000 after acquiring an additional 78,331 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Baidu by 87.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,190,389 shares of the information services provider’s stock worth $159,929,000 after acquiring an additional 556,891 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.
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