Baidu (NASDAQ:BIDU) Given New $115.00 Price Target at Mizuho

Baidu (NASDAQ:BIDU) had its target price decreased by analysts at Mizuho from $130.00 to $115.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the information services provider’s stock. Mizuho’s price target suggests a potential upside of 36.16% from the stock’s current price.

BIDU has been the topic of several other research reports. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Loop Capital dropped their price target on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Benchmark decreased their price target on shares of Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna cut their price target on shares of Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a report on Thursday, September 5th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.29.

Baidu Stock Performance

Baidu stock opened at $84.46 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The company has a fifty day moving average price of $93.47 and a two-hundred day moving average price of $93.82. The company has a market cap of $29.62 billion, a PE ratio of 11.12 and a beta of 0.51. Baidu has a 12 month low of $79.68 and a 12 month high of $126.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BIDU. Guinness Asset Management LTD raised its position in Baidu by 4.4% during the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after acquiring an additional 100 shares during the last quarter. Grove Bank & Trust increased its holdings in Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 130 shares in the last quarter. Advisors Asset Management Inc. grew its position in Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after acquiring an additional 140 shares in the last quarter. Blue Trust Inc. boosted its position in Baidu by 9.0% in the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after buying an additional 171 shares during the last quarter. Finally, Intellectus Partners LLC raised its holdings in Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after acquiring an additional 250 shares in 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.