Baidu (NASDAQ:BIDU) Price Target Raised to $105.00

Baidu (NASDAQ:BIDU) had its price objective raised by Mizuho from $95.00 to $105.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

A number of other equities research analysts have also issued reports on the stock. Citigroup dropped their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $85.00 in a research report on Monday, November 25th. Finally, Barclays lifted their target price on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Price Performance

NASDAQ:BIDU opened at $88.03 on Wednesday. The stock has a 50 day moving average price of $87.12 and a 200 day moving average price of $88.83. The stock has a market cap of $30.87 billion, a PE ratio of 10.77, a P/E/G ratio of 2.23 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. Baidu has a one year low of $77.19 and a one year high of $116.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BIDU. Rialto Wealth Management LLC acquired a new stake in Baidu during the 4th quarter worth approximately $42,000. Sycomore Asset Management acquired a new stake in shares of Baidu in the fourth quarter valued at $51,000. GeoWealth Management LLC raised its stake in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after acquiring an additional 308 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the period. Finally, World Investment Advisors LLC acquired a new position in Baidu during the 3rd quarter worth $72,000.

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.