Nomura Reiterates $140.00 Price Target for Baidu (NASDAQ:BIDU)

Nomura set a $140.00 price target on Baidu (NASDAQ:BIDU) in a research note released on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also recently commented on BIDU. Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, November 6th. Bank of America increased their price objective on Baidu from $100.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday. Dbs Bank upgraded Baidu from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $177.00 in a report on Thursday, September 25th. Jefferies Financial Group upped their price target on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Benchmark increased their price target on Baidu from $115.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Baidu currently has an average rating of “Moderate Buy” and a consensus price target of $137.11.

Baidu Trading Up 0.5%

NASDAQ BIDU opened at $110.95 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $38.33 billion, a price-to-earnings ratio of 10.23 and a beta of 0.43. The firm has a 50 day simple moving average of $126.54 and a 200-day simple moving average of $102.36. Baidu has a one year low of $74.71 and a one year high of $149.51.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BIDU. Binnacle Investments Inc acquired a new stake in shares of Baidu during the 2nd quarter worth about $29,000. Assetmark Inc. increased its stake in 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 purchasing an additional 192 shares during the last quarter. Winthrop Capital Management LLC acquired a new stake in Baidu during the second quarter worth approximately $39,000. Mizuho Securities Co. Ltd. acquired a new stake in Baidu during the second quarter worth approximately $43,000. Finally, UMB Bank n.a. lifted its position in shares of Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after buying an additional 134 shares during the last quarter.

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.