CLSA set a $138.00 price objective on Baidu (NASDAQ:BIDU) in a research report released on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the information services provider’s stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley set a $196.00 price objective on Alibaba Group and gave the company a buy rating in a research note on Tuesday, March 26th. Mizuho lifted their price objective on Bausch Health Companies from $41.00 to $45.00 and gave the company a buy rating in a research note on Tuesday, May 7th. UBS Group reiterated a hold rating and set a $145.00 price objective on shares of Baidu in a research note on Friday, July 5th. Zacks Investment Research lowered GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. Finally, Loop Capital assumed coverage on TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They set a buy rating for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $179.00.

NASDAQ BIDU opened at $114.75 on Monday. The company’s 50-day moving average is $114.20. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 6.63 and a beta of 1.64. Baidu has a fifty-two week low of $106.80 and a fifty-two week high of $274.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.76 and a quick ratio of 2.76.

Baidu announced that its board has approved a share buyback plan on Thursday, May 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information services provider to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Several large investors have recently bought and sold shares of BIDU. Semmax Financial Advisors Inc. acquired a new stake in shares of Baidu during the 4th quarter valued at about $33,000. American Beacon Advisors Inc. boosted its holdings in Baidu by 71.2% in the 1st quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock worth $33,000 after buying an additional 84 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Baidu in the 4th quarter worth about $39,000. Executive Wealth Management LLC acquired a new stake in Baidu in the 4th quarter worth about $45,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Baidu in the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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