Baidu (NASDAQ:BIDU) PT Lowered to $180.00

Baidu (NASDAQ:BIDU) had its target price decreased by Benchmark from $210.00 to $180.00 in a research note issued to investors on Monday morning, Benzinga reports. Benchmark currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also issued reports on BIDU. HSBC decreased their price target on Baidu from $157.00 to $145.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Barclays decreased their target price on Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a research report on Thursday, February 29th. Citigroup dropped their target price on shares of Baidu from $181.00 to $176.00 and set a buy rating for the company in a report on Tuesday, April 9th. Finally, StockNews.com cut shares of Baidu from a buy rating to a hold rating in a research report on Saturday, March 23rd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $169.50.

Baidu Stock Performance

NASDAQ BIDU opened at $109.60 on Monday. The firm’s 50 day simple moving average is $103.03 and its 200 day simple moving average is $108.09. The firm has a market capitalization of $38.43 billion, a price-to-earnings ratio of 14.20 and a beta of 0.68. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu has a 1 year low of $94.25 and a 1 year high of $156.98.

Institutional Trading of Baidu

Several institutional investors have recently added to or reduced their stakes in BIDU. Crossmark Global Holdings Inc. raised its holdings in Baidu by 0.3% during the 4th 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 during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Baidu by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock valued at $239,000 after buying an additional 110 shares during the period. Beacon Financial Group boosted its position in Baidu by 7.2% during 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 during the last quarter. Ignite Planners LLC grew its holdings in 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 acquiring an additional 139 shares during the period. Finally, Financial Counselors Inc. lifted its stake in shares of Baidu by 8.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock valued at $230,000 after purchasing 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.