Baidu (NASDAQ:BIDU) Price Target Raised to $196.00

Baidu (NASDAQ:BIDU) had its target price boosted by Nomura from $178.00 to $196.00 in a research report report published on Monday morning,MarketScreener reports. They currently have a buy rating on the information services provider’s stock.

BIDU has been the topic of several other reports. Benchmark reaffirmed a “buy” rating on shares of Baidu in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, November 6th. Daiwa Capital Markets set a $160.00 target price on shares of Baidu and gave the company a “buy” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Baidu from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $91.00 to $176.00 in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.78.

Baidu Trading Up 0.0%

Shares of NASDAQ:BIDU opened at $157.67 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. The stock’s 50-day moving average is $133.42 and its 200-day moving average is $118.41. The company has a market cap of $54.47 billion, a P/E ratio of 52.38 and a beta of 0.30. Baidu has a 52-week low of $74.71 and a 52-week high of $165.30.

Institutional Investors Weigh In On Baidu

Institutional investors have recently added to or reduced their stakes in the stock. Binnacle Investments Inc acquired a new position in shares of Baidu during the second quarter worth approximately $29,000. Winthrop Capital Management LLC bought a new position in Baidu in the 2nd quarter worth approximately $39,000. Mizuho Securities Co. Ltd. acquired a new position in Baidu during the 2nd quarter worth $43,000. 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. Finally, Ameritas Advisory Services LLC increased its stake in shares of Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after buying an additional 372 shares during the period.

Baidu Company Profile

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.