Baidu (NASDAQ:BIDU) PT Lowered to $105.00

Baidu (NASDAQ:BIDU) had its target price lowered by investment analysts at Susquehanna from $135.00 to $105.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the information services provider’s stock. Susquehanna’s price target suggests a potential upside of 29.61% from the company’s previous close.

Several other brokerages have also weighed in on BIDU. Jefferies Financial Group lowered their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Citigroup lowered their target price on shares of Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Loop Capital lowered their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Benchmark reduced their target price on shares of Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.13.

Baidu Trading Down 2.2 %

Shares of BIDU opened at $81.01 on Thursday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu has a 12-month low of $79.68 and a 12-month high of $140.93. The firm has a 50-day moving average price of $87.89 and a 200 day moving average price of $96.81. The firm has a market capitalization of $28.41 billion, a P/E ratio of 10.84 and a beta of 0.48.

Hedge Funds Weigh In On Baidu

A number of hedge funds have recently modified their holdings of BIDU. Crewe Advisors LLC purchased a new position in Baidu in the 1st quarter valued at $31,000. Newbridge Financial Services Group Inc. purchased a new position in Baidu in the 1st quarter valued at $32,000. iA Global Asset Management Inc. purchased a new position in Baidu in the 2nd quarter valued at $52,000. Silicon Valley Capital Partners purchased a new position in Baidu in the 1st quarter valued at $53,000. Finally, Accent Capital Management LLC purchased a new position in Baidu in the 4th quarter valued at $66,000.

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.