Jefferies Financial Group Lowers Baidu (NASDAQ:BIDU) Price Target to $174.00

Baidu (NASDAQ:BIDU) had its price objective decreased by Jefferies Financial Group from $179.00 to $174.00 in a research report sent to investors on Monday morning, Marketbeat reports. Jefferies Financial Group currently has a buy rating on the information services provider’s stock.

BIDU has been the subject of a number of other research reports. Mizuho reduced their target price on Baidu from $140.00 to $130.00 and set a buy rating for the company in a research note on Friday, May 10th. Loop Capital dropped their target price on Baidu from $155.00 to $130.00 and set a buy rating on the stock in a research report on Friday, June 21st. Susquehanna reduced their price objective on shares of Baidu from $150.00 to $135.00 and set a positive rating for the company in a research report on Friday, May 24th. Benchmark reaffirmed a buy rating and issued a $180.00 price target on shares of Baidu in a research note on Friday, May 17th. Finally, Morgan Stanley cut Baidu from an overweight rating to an equal weight rating and cut their price target for the company from $140.00 to $125.00 in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $149.60.

Baidu Stock Down 2.8 %

Shares of NASDAQ BIDU opened at $91.09 on Monday. The stock’s fifty day simple moving average is $96.59 and its two-hundred day simple moving average is $102.51. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu has a 12-month low of $85.08 and a 12-month high of $156.98. The stock has a market capitalization of $31.94 billion, a PE ratio of 12.19 and a beta of 0.49.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Nordea Investment Management AB increased its position in Baidu by 14.5% in the 1st quarter. Nordea Investment Management AB now owns 398,387 shares of the information services provider’s stock valued at $42,125,000 after acquiring an additional 50,599 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Baidu in the 4th quarter valued at approximately $1,476,000. Perpetual Ltd raised its holdings in shares of Baidu by 45.4% during the first quarter. Perpetual Ltd now owns 147,165 shares of the information services provider’s stock worth $15,451,000 after acquiring an additional 45,975 shares during the period. Jennison Associates LLC lifted its holdings in shares of Baidu by 54.5% in the fourth quarter. Jennison Associates LLC now owns 85,306 shares of the information services provider’s stock valued at $10,159,000 after purchasing an additional 30,103 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its position in Baidu by 8.8% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after acquiring an additional 116,047 shares during 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.