Baidu (NASDAQ:BIDU) Price Target Raised to $100.00

Baidu (NASDAQ:BIDU) had its price objective raised by analysts at Barclays from $81.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the information services provider’s stock. Barclays‘s price objective would indicate a potential downside of 14.63% from the stock’s previous close.

BIDU has been the subject of several other reports. Nomura raised their price target on Baidu from $91.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Arete Research raised Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target on the stock in a report on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a report on Wednesday, October 8th. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Macquarie upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and upped their target price for the company from $91.00 to $176.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Baidu Stock Up 2.7%

BIDU stock opened at $117.14 on Wednesday. Baidu has a twelve month low of $74.71 and a twelve month high of $149.51. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market cap of $40.47 billion, a PE ratio of 10.80 and a beta of 0.43. The business has a 50 day moving average of $126.49 and a 200 day moving average of $101.99.

Institutional Investors Weigh In On Baidu

A number of institutional investors and hedge funds have recently bought and sold shares of BIDU. Cerity Partners LLC boosted its stake in shares of Baidu by 160.2% in the first quarter. Cerity Partners LLC now owns 11,138 shares of the information services provider’s stock worth $1,025,000 after acquiring an additional 6,857 shares during the period. Private Advisor Group LLC lifted its holdings in Baidu by 29.5% in the 1st quarter. Private Advisor Group LLC now owns 7,028 shares of the information services provider’s stock worth $647,000 after purchasing an additional 1,603 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Baidu by 39.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,097 shares of the information services provider’s stock worth $653,000 after purchasing an additional 2,013 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Baidu by 25.0% during the 1st quarter. Allianz Asset Management GmbH now owns 56,270 shares of the information services provider’s stock valued at $5,179,000 after buying an additional 11,270 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of Baidu by 12.3% during the first quarter. Ignite Planners LLC now owns 6,231 shares of the information services provider’s stock valued at $548,000 after buying an additional 682 shares during the last quarter.

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.