Mizuho Has Lowered Expectations for Baidu (NASDAQ:BIDU) Stock Price

Baidu (NASDAQ:BIDU) had its price target reduced by equities research analysts at Mizuho from $130.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the information services provider’s stock. Mizuho’s price objective suggests a potential upside of 36.16% from the stock’s previous close.

BIDU has been the subject of several other research reports. Benchmark decreased their target price on Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Tuesday, September 24th. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Citigroup decreased their target price on Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.29.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $84.46 on Tuesday. The company’s fifty day moving average is $93.47 and its two-hundred day moving average is $93.82. The company has a market cap of $29.62 billion, a P/E ratio of 11.12 and a beta of 0.51. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu has a 12-month low of $79.68 and a 12-month high of $126.23.

Institutional Investors Weigh In On Baidu

Institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC purchased a new position in shares of Baidu in the 1st quarter valued at about $31,000. iA Global Asset Management Inc. purchased a new stake in Baidu during the 2nd quarter worth about $52,000. Denver PWM LLC purchased a new position in Baidu in the second quarter valued at $67,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after buying an additional 593 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 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.