Susquehanna Trims Baidu (NASDAQ:BIDU) Target Price to $135.00

Baidu (NASDAQ:BIDUGet Free Report) had its price objective decreased by analysts at Susquehanna from $150.00 to $135.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the information services provider’s stock. Susquehanna’s price objective suggests a potential upside of 33.10% from the company’s previous close.

BIDU has been the topic of a number of other research reports. Morgan Stanley cut Baidu from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $140.00 to $125.00 in a research note on Friday, May 17th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Baidu in a research note on Friday, May 17th. Mizuho dropped their price objective on Baidu from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Citigroup dropped their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Finally, StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.93.

Get Our Latest Report on Baidu

Baidu Trading Down 1.0 %

NASDAQ BIDU opened at $101.43 on Friday. Baidu has a 52 week low of $94.25 and a 52 week high of $156.98. The stock has a market capitalization of $35.57 billion, a price-to-earnings ratio of 13.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.01 and a current ratio of 2.79. The stock’s 50 day moving average price is $104.62 and its two-hundred day moving average price is $108.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. Crossmark Global Holdings Inc. increased its holdings in Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after purchasing an additional 99 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Baidu by 5.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after buying an additional 110 shares during the period. Beacon Financial Group grew its position in shares of Baidu by 7.2% during the 4th quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock worth $226,000 after buying an additional 128 shares during the period. Ignite Planners LLC grew its position in shares of Baidu by 3.8% during the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after buying an additional 139 shares during the period. Finally, Financial Counselors Inc. grew its position in shares of Baidu by 8.9% during the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after buying an additional 140 shares during the period.

About Baidu

(Get Free Report)

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.

Read More

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.