Baidu (NASDAQ:BIDU) Given a $84.00 Price Target by Barclays Analysts

Barclays set a $84.00 target price on Baidu (NASDAQ:BIDU) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on BIDU. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Nomura Securities cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Wall Street Zen cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Finally, Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.82.

Baidu Trading Down 1.6%

Baidu stock opened at $84.07 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu has a one year low of $74.71 and a one year high of $116.25. The company’s fifty day moving average price is $88.33 and its two-hundred day moving average price is $87.91. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.96 and a beta of 0.37.

Institutional Trading of Baidu

Several hedge funds have recently modified their holdings of the company. Integrity Alliance LLC. acquired a new stake in shares of Baidu in the first quarter valued at approximately $247,000. Empowered Funds LLC acquired a new stake in shares of Baidu in the first quarter valued at approximately $334,000. Sender Co & Partners Inc. acquired a new stake in shares of Baidu in the first quarter valued at approximately $560,000. NewEdge Advisors LLC increased its holdings in shares of Baidu by 39,363.0% in the first quarter. NewEdge Advisors LLC now owns 21,310 shares of the information services provider’s stock valued at $1,961,000 after purchasing an additional 21,256 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Baidu by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,787 shares of the information services provider’s stock valued at $717,000 after purchasing an additional 1,705 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.