Baidu (NASDAQ:BIDU) Price Target Raised to $196.00 at Nomura

Baidu (NASDAQ:BIDU) had its target price raised by Nomura from $178.00 to $196.00 in a research note released on Monday,MarketScreener reports. The brokerage currently has a buy rating on the information services provider’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup reiterated a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. The Goldman Sachs Group raised their price target on Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Benchmark reaffirmed a “buy” rating on shares of Baidu in a research report on Monday, January 12th. Zacks Research raised Baidu from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Daiwa Capital Markets set a $160.00 target price on shares of Baidu and gave the company a “buy” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.78.

Baidu Stock Down 3.3%

BIDU stock opened at $156.08 on Monday. The stock has a market cap of $53.92 billion, a P/E ratio of 51.85 and a beta of 0.30. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu has a twelve month low of $74.71 and a twelve month high of $165.30. The company’s 50 day moving average is $131.77 and its two-hundred day moving average is $117.63.

Hedge Funds Weigh In On Baidu

A number of large investors have recently bought and sold shares of BIDU. Patriot Financial Group Insurance Agency LLC purchased a new position in Baidu during the fourth quarter worth about $311,000. Merit Financial Group LLC increased its position in Baidu by 4.2% during the 4th quarter. Merit Financial Group LLC now owns 4,386 shares of the information services provider’s stock worth $573,000 after purchasing an additional 176 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Baidu by 1.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,591 shares of the information services provider’s stock worth $12,229,000 after buying an additional 1,106 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Baidu by 5.7% in the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after buying an additional 88 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Baidu by 44.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,174 shares of the information services provider’s stock valued at $937,000 after buying an additional 2,191 shares in the last quarter.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.