Baidu (NASDAQ:BIDU – Get 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.
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Baidu Trading Down 1.0 %
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
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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