Baidu (NASDAQ:BIDU) Given New $95.00 Price Target at Barclays

Baidu (NASDAQ:BIDU) had its price target increased by equities researchers at Barclays from $83.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the information services provider’s stock. Barclays‘s target price would suggest a potential upside of 1.78% from the company’s previous close.

BIDU has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Baidu in a research note on Friday, January 24th. Finally, Citigroup decreased their target price on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.08.

Baidu Stock Performance

BIDU stock opened at $93.34 on Tuesday. The business has a 50 day moving average of $86.40 and a 200-day moving average of $88.57. The firm has a market cap of $32.73 billion, a PE ratio of 11.42, a P/E/G ratio of 2.03 and a beta of 0.46. Baidu has a 12-month low of $77.19 and a 12-month high of $116.25. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Baidu

A number of institutional investors and hedge funds have recently made changes to their positions in BIDU. Sanctuary Advisors LLC purchased a new position in shares of Baidu during the second quarter worth about $601,000. Grove Bank & Trust increased its holdings in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after buying an additional 130 shares during the last quarter. Creative Planning raised its position in shares of Baidu by 2.8% during the 3rd quarter. Creative Planning now owns 49,440 shares of the information services provider’s stock valued at $5,206,000 after buying an additional 1,362 shares in the last quarter. Naviter Wealth LLC lifted its holdings in shares of Baidu by 17.0% during the 3rd quarter. Naviter Wealth LLC now owns 8,660 shares of the information services provider’s stock worth $912,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Baidu by 51.3% in the third quarter. Bleakley Financial Group LLC now owns 4,038 shares of the information services provider’s stock valued at $425,000 after acquiring an additional 1,369 shares during the last quarter.

About Baidu

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.