Baidu (NASDAQ:BIDU) Given a $140.00 Price Target by Nomura Analysts

Baidu (NASDAQ:BIDU) has been given a $140.00 price target by Nomura in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Nomura’s price objective would suggest a potential upside of 26.18% from the stock’s previous close.

Several other research firms also recently issued reports on BIDU. The Goldman Sachs Group lifted their price objective on Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday. Dbs Bank raised shares of Baidu from a “hold” rating to a “buy” rating and raised their price target for the stock from $85.00 to $177.00 in a research report on Thursday, September 25th. Daiwa Capital Markets set a $160.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Zephirin Group initiated coverage on shares of Baidu in a research note on Monday, September 15th. They set a “sell” rating and a $92.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Baidu from $81.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.11.

Baidu Trading Up 0.5%

NASDAQ:BIDU opened at $110.95 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. Baidu has a one year low of $74.71 and a one year high of $149.51. The business’s 50-day simple moving average is $126.54 and its 200 day simple moving average is $102.29. The stock has a market cap of $38.33 billion, a price-to-earnings ratio of 10.23 and a beta of 0.43.

Institutional Trading of Baidu

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC lifted its position in shares of 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 buying an additional 1,603 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Baidu by 39.6% during the first quarter. Kestra Private Wealth Services LLC now owns 7,097 shares of the information services provider’s stock worth $653,000 after acquiring an additional 2,013 shares during the period. Allianz Asset Management GmbH lifted its holdings in Baidu by 25.0% in the first quarter. Allianz Asset Management GmbH now owns 56,270 shares of the information services provider’s stock worth $5,179,000 after acquiring an additional 11,270 shares during the last quarter. Glaxis Capital Management LLC acquired a new position in Baidu in the first quarter valued at approximately $460,000. Finally, Argonautica Private Wealth Management Inc. bought a new position in shares of Baidu during the first quarter valued at approximately $430,000.

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.