Baidu (NASDAQ:BIDU) Price Target Cut to $90.00 by Analysts at Barclays

Baidu (NASDAQ:BIDU) had its price objective lowered by investment analysts at Barclays from $95.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the information services provider’s stock. Barclays‘s price target indicates a potential upside of 9.20% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday, February 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Mizuho lifted their target price on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Finally, Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.83.

Baidu Price Performance

Shares of NASDAQ BIDU traded down $0.17 during mid-day trading on Monday, reaching $82.42. The company’s stock had a trading volume of 572,174 shares, compared to its average volume of 4,175,903. The stock has a fifty day moving average of $89.95 and a two-hundred day moving average of $89.11. The firm has a market capitalization of $28.90 billion, a PE ratio of 8.98, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu has a 52 week low of $74.71 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Institutional Trading of Baidu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC purchased a new stake in shares of Baidu in the first quarter worth approximately $825,000. Kercheville Advisors LLC purchased a new stake in shares of Baidu during the first quarter valued at $1,385,000. FNY Investment Advisers LLC purchased a new position in Baidu in the 1st quarter worth about $922,000. QRG Capital Management Inc. lifted its holdings in Baidu by 16.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,209 shares of the information services provider’s stock valued at $387,000 after buying an additional 603 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Baidu in the 1st quarter valued at about $274,000.

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.