Baidu (NASDAQ:BIDU) Price Target Raised to $158.00

Baidu (NASDAQ:BIDU) had its price target lifted by Benchmark from $115.00 to $158.00 in a report published on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the information services provider’s stock.

Several other equities research analysts have also recently commented on the company. Nomura increased their price objective on Baidu from $91.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. CLSA raised shares of Baidu to a “strong-buy” rating in a report on Monday, September 22nd. Arete upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target for the company in a research note on Tuesday, September 16th. Dbs Bank upgraded shares of Baidu from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $177.00 in a research report on Thursday, September 25th. Finally, Susquehanna raised their target price on Baidu from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.11.

Baidu Stock Performance

BIDU stock opened at $110.95 on Wednesday. The stock’s 50 day simple moving average is $126.54 and its 200 day simple moving average is $102.29. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. Baidu has a 12-month low of $74.71 and a 12-month high of $149.51. The stock has a market capitalization of $38.33 billion, a PE ratio of 10.23 and a beta of 0.43.

Institutional Investors Weigh In On Baidu

Several large investors have recently bought and sold shares of the business. Binnacle Investments Inc bought a new position in shares of Baidu in the 2nd quarter valued at about $29,000. Assetmark Inc. increased its stake in Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after acquiring an additional 192 shares during the last quarter. Winthrop Capital Management LLC purchased a new stake in Baidu during the second quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Baidu in the 2nd quarter valued at approximately $43,000. Finally, UMB Bank n.a. boosted its holdings in shares of Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after purchasing an additional 134 shares during the period.

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.