Baidu (NASDAQ:BIDU) Stock Price Expected to Rise, Barclays Analyst Says

Baidu (NASDAQ:BIDU) had its target price lifted by research analysts at Barclays from $83.00 to $95.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the information services provider’s stock. Barclays‘s price objective points to a potential upside of 5.32% from the company’s current price.

BIDU has been the topic of several other reports. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Mizuho cut their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Baidu in a report on Friday, January 24th. Finally, Citigroup reduced their target price on shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $112.08.

Baidu Stock Performance

Shares of BIDU stock traded down $3.65 on Tuesday, reaching $90.20. The stock had a trading volume of 2,931,492 shares, compared to its average volume of 3,984,507. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $86.33 and its two-hundred day moving average is $88.57. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 11.03, 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.

Hedge Funds Weigh In On Baidu

Institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its holdings in shares of Baidu by 1.5% during the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock worth $1,276,521,000 after purchasing an additional 176,150 shares during the last quarter. Sanders Capital LLC grew its holdings in Baidu by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after acquiring an additional 18,334 shares during the last quarter. Appaloosa LP increased its position in Baidu by 7.2% in the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after acquiring an additional 102,909 shares during the period. CoreView Capital Management Ltd raised its stake in shares of Baidu by 15.6% during the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after acquiring an additional 166,618 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after purchasing an additional 1,061,893 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.