Baidu (NASDAQ:BIDU) Given New $105.00 Price Target at Mizuho

Baidu (NASDAQ:BIDU) had its target price hoisted by Mizuho from $95.00 to $105.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the information services provider’s stock.

Several other equities analysts also recently issued reports on the company. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research report on Tuesday. Citigroup cut their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Down 2.4 %

NASDAQ:BIDU opened at $88.03 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a twelve month low of $77.19 and a twelve month high of $116.25. The company has a market cap of $30.87 billion, a PE ratio of 10.77, a P/E/G ratio of 2.23 and a beta of 0.46. The company’s 50 day moving average is $87.12 and its two-hundred day moving average is $88.83.

Institutional Trading of Baidu

A number of institutional investors and hedge funds have recently modified their holdings of BIDU. Primecap Management Co. CA boosted its holdings in Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock worth $1,276,521,000 after buying an additional 176,150 shares during the last quarter. Dodge & Cox boosted its stake in shares of Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock worth $498,796,000 after acquiring an additional 22,000 shares during the last quarter. Sanders Capital LLC increased its position in shares of Baidu by 0.7% during the third quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after purchasing an additional 18,334 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider’s stock valued at $203,213,000 after purchasing an additional 207,966 shares during the last quarter. Finally, Appaloosa LP lifted its holdings 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 purchasing an additional 102,909 shares in the last quarter.

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.