Baidu (NASDAQ:BIDU – Get Free Report) had its price objective dropped by stock analysts at Benchmark from $210.00 to $180.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Benchmark’s price target indicates a potential upside of 58.72% from the stock’s current price.
A number of other analysts have also commented on BIDU. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. HSBC cut their target price on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Citigroup lowered their target price on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Finally, Barclays lowered their target price 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. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.50.
Check Out Our Latest Stock Report on BIDU
Baidu Trading Up 1.5 %
Hedge Funds Weigh In On Baidu
Large investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its position 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 valued at $3,498,000 after buying an additional 99 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Baidu by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after purchasing an additional 110 shares in the last quarter. Beacon Financial Group raised its holdings in Baidu by 7.2% in the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 128 shares in the last quarter. Ignite Planners LLC raised its holdings in Baidu by 3.8% in the first quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after acquiring an additional 139 shares in the last quarter. Finally, Financial Counselors Inc. raised its holdings in Baidu by 8.9% in the third quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock valued at $230,000 after acquiring an additional 140 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.
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