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

Baidu (NASDAQ:BIDU) had its price target lifted by Mizuho from $95.00 to $105.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

BIDU has been the topic of a number of other reports. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Citigroup lowered their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Barclays lifted their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Finally, Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Up 1.7 %

Shares of Baidu stock opened at $91.19 on Wednesday. The stock’s fifty day moving average is $87.08 and its 200-day moving average is $88.83. The firm has a market capitalization of $31.97 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu has a 12-month low of $77.19 and a 12-month high of $116.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Baidu by 12,065.6% during the 3rd 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 acquiring an additional 1,061,893 shares in the last quarter. RPD Fund Management LLC acquired a new position in shares of Baidu during the 4th quarter worth about $72,245,000. FIL Ltd lifted its position in shares of Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider’s stock worth $50,579,000 after purchasing an additional 471,497 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of Baidu during the 3rd quarter worth about $42,748,000. Finally, Cantor Fitzgerald L. P. lifted its position in shares of Baidu by 1,510.9% during the 4th quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider’s stock worth $33,722,000 after purchasing an additional 375,145 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.