Baidu (NASDAQ:BIDU) PT Lowered to $180.00 at Benchmark

Baidu (NASDAQ:BIDU) had its price target decreased by Benchmark from $210.00 to $180.00 in a research note released on Monday, Benzinga reports. Benchmark currently has a buy rating on the information services provider’s stock.

Several other research analysts have also recently weighed in on BIDU. Citigroup cut their price objective on Baidu from $181.00 to $176.00 and set a buy rating on the stock in a research report on Tuesday, April 9th. StockNews.com lowered shares of Baidu from a buy rating to a hold rating in a research report on Saturday, March 23rd. Barclays lowered their price objective on shares of Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a research report on Thursday, February 29th. Finally, HSBC reduced their target price on shares of Baidu from $157.00 to $145.00 and set a buy rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $169.50.

Baidu Trading Up 1.2 %

NASDAQ:BIDU opened at $110.87 on Monday. Baidu has a 52 week low of $94.25 and a 52 week high of $156.98. The firm has a 50-day moving average price of $103.34 and a two-hundred day moving average price of $108.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $38.88 billion, a price-to-earnings ratio of 14.36 and a beta of 0.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. 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 period. Monaco Asset Management SAM grew its position in Baidu by 60.5% during the first quarter. Monaco Asset Management SAM now owns 75,000 shares of the information services provider’s stock worth $7,896,000 after buying an additional 28,264 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Baidu in the 1st quarter worth about $526,000. Avantax Advisory Services Inc. raised its holdings in shares of Baidu by 12.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,702 shares of the information services provider’s stock valued at $495,000 after acquiring an additional 506 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Baidu by 0.7% during the 1st quarter. Sei Investments Co. now owns 282,324 shares of the information services provider’s stock valued at $29,723,000 after acquiring an additional 1,863 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.