Baidu (NASDAQ:BIDU) Given New $130.00 Price Target at Mizuho

Baidu (NASDAQ:BIDU) had its target price trimmed by Mizuho from $140.00 to $130.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

A number of other equities analysts also recently commented on BIDU. StockNews.com downgraded shares of Baidu from a buy rating to a hold rating in a research note on Saturday, March 23rd. HSBC lowered their target price on Baidu from $157.00 to $145.00 and set a buy rating for the company in a report on Wednesday, April 24th. Barclays cut their price target on Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a research note on Thursday, February 29th. Citigroup lowered their price objective on shares of Baidu from $181.00 to $176.00 and set a buy rating for the company in a research note on Tuesday, April 9th. Finally, Benchmark reduced their price target on shares of Baidu from $210.00 to $180.00 and set a buy rating for the company in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of Moderate Buy and an average target price of $166.64.

Baidu Trading Down 2.0 %

NASDAQ:BIDU traded down $2.21 during mid-day trading on Friday, hitting $108.66. 2,806,615 shares of the stock traded hands, compared to its average volume of 3,425,535. The firm’s 50 day moving average is $103.43 and its two-hundred day moving average is $108.13. The stock has a market capitalization of $38.10 billion, a price-to-earnings ratio of 14.08 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu has a 52 week low of $94.25 and a 52 week high of $156.98.

Hedge Funds Weigh In On Baidu

Several institutional investors have recently made changes to their positions in BIDU. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Baidu by 96.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 36,602 shares of the information services provider’s stock valued at $3,969,000 after acquiring an additional 17,994 shares during the last quarter. M&G Plc purchased a new position in shares of Baidu during the 1st quarter worth $18,152,000. Banco BTG Pactual S.A. acquired a new position in shares of Baidu during the 1st quarter valued at about $832,000. Leo Wealth LLC boosted its holdings in Baidu by 7.6% in the 1st quarter. Leo Wealth LLC now owns 6,152 shares of the information services provider’s stock valued at $649,000 after purchasing an additional 437 shares during the last quarter. Finally, Monaco Asset Management SAM grew its stake in shares of Baidu by 60.5% in the 1st quarter. Monaco Asset Management SAM now owns 75,000 shares of the information services provider’s stock valued at $7,896,000 after buying an additional 28,264 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.