Baidu (NASDAQ:BIDU) Given New $95.00 Price Target at Susquehanna

Baidu (NASDAQ:BIDU) had its target price lifted by Susquehanna from $85.00 to $95.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. Susquehanna’s price target would suggest a potential downside of 0.24% from the stock’s previous close.

A number of other equities analysts also recently commented on BIDU. Wall Street Zen downgraded shares of Baidu from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Jefferies Financial Group dropped their price target on Baidu from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Barclays lowered their price target on shares of Baidu from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Benchmark decreased 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 Thursday, August 21st. Finally, Macquarie restated a “neutral” rating on shares of Baidu in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.00.

Baidu Trading Down 0.1%

BIDU stock traded down $0.07 during mid-day trading on Tuesday, reaching $95.23. The company had a trading volume of 1,685,260 shares, compared to its average volume of 4,415,002. The firm has a 50 day moving average of $88.64 and a 200 day moving average of $88.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. Baidu has a 12 month low of $74.71 and a 12 month high of $116.25. The company has a market capitalization of $32.90 billion, a PE ratio of 8.77 and a beta of 0.34.

Hedge Funds Weigh In On Baidu

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in shares of Baidu during the first quarter worth approximately $29,000. Binnacle Investments Inc purchased a new stake in shares of Baidu during the second quarter worth $29,000. Assetmark Inc. raised its position in shares of Baidu by 143.3% in the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after buying an additional 192 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after buying an additional 179 shares in the last quarter. Finally, Winthrop Capital Management LLC purchased a new position in shares of Baidu in the second quarter worth about $39,000.

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.