Baidu (NASDAQ:BIDU) Price Target Cut to $186.00 by Analysts at Nomura

Baidu (NASDAQ:BIDUFree Report) had its target price trimmed by Nomura from $196.00 to $186.00 in a report issued on Friday morning,MarketScreener reports. The firm currently has a buy rating on the information services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial upgraded shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. The Goldman Sachs Group raised their price objective on shares of Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. JPMorgan Chase & Co. upgraded shares of Baidu from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $110.00 to $188.00 in a research note on Monday, November 24th. Finally, Zacks Research downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.89.

Check Out Our Latest Analysis on BIDU

Baidu Price Performance

Baidu stock traded up $1.12 during mid-day trading on Friday, hitting $119.05. 2,598,708 shares of the company were exchanged, compared to its average volume of 2,267,312. The company has a market capitalization of $41.13 billion, a PE ratio of 74.87 and a beta of 0.32. The business has a fifty day moving average of $141.64 and a 200 day moving average of $127.12. Baidu has a 1-year low of $74.71 and a 1-year high of $165.30. The company has a quick ratio of 1.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its position in Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares during the last quarter. Binnacle Investments Inc bought a new stake in shares of Baidu during the second quarter worth $29,000. Sankala Group LLC acquired a new position in shares of Baidu during the fourth quarter valued at $46,000. Ameritas Advisory Services LLC lifted its stake in shares of Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 372 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Baidu by 35.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 105 shares during the last quarter.

Key Headlines Impacting Baidu

Here are the key news stories impacting Baidu this week:

About Baidu

(Get Free Report)

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

Read More

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.