Baidu (NASDAQ:BIDU) Given New $115.00 Price Target at Mizuho

Baidu (NASDAQ:BIDU) had its price target cut by Mizuho from $130.00 to $115.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

A number of other equities research analysts have also issued reports on the company. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Benchmark cut their target price on Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Susquehanna cut their target price on Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Bank of America cut their target price on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.29.

Baidu Stock Up 0.6 %

BIDU opened at $84.58 on Tuesday. Baidu has a one year low of $79.68 and a one year high of $126.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The stock’s fifty day moving average is $93.53 and its 200-day moving average is $93.69. The company has a market capitalization of $29.66 billion, a PE ratio of 11.14 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC purchased a new position in Baidu in the first quarter valued at about $31,000. iA Global Asset Management Inc. bought a new stake in shares of Baidu during the 2nd quarter worth about $52,000. Denver PWM LLC bought a new stake in shares of Baidu during the 2nd quarter worth about $67,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after acquiring an additional 130 shares in 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.