Baidu (NASDAQ:BIDU – Get Free Report) had its price objective lifted by Nomura from $186.00 to $190.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the information services provider’s stock. Nomura’s price objective would suggest a potential upside of 40.34% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Sunday. UBS Group reiterated a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. Susquehanna reissued a “neutral” rating and issued a $140.00 target price on shares of Baidu in a research note on Wednesday. China Renaissance raised Baidu from a “hold” rating to a “buy” rating and lifted their price target for the stock from $134.00 to $180.00 in a research report on Tuesday, February 3rd. Finally, Morgan Stanley increased their price objective on shares of Baidu from $135.00 to $140.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.58.
Get Our Latest Stock Analysis on BIDU
Baidu Stock Down 1.7%
Institutional Investors Weigh In On Baidu
Several large investors have recently bought and sold shares of BIDU. Quadrant Capital Group LLC lifted its stake in Baidu by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after acquiring an additional 73 shares during the period. Keel Point LLC raised its holdings in shares of Baidu by 1.7% during the third quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after purchasing an additional 84 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Baidu by 5.7% during the fourth quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after purchasing an additional 88 shares during the last quarter. UMB Bank n.a. lifted its position in Baidu by 25.9% during the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 88 shares during the period. Finally, Signaturefd LLC boosted its holdings in Baidu by 8.4% in the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after purchasing an additional 99 shares during 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.
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