Baidu (NASDAQ:BIDU – Free Report) had its target price trimmed by HSBC from $157.00 to $145.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.
BIDU has been the subject of several other reports. Barclays decreased their price objective on Baidu from $138.00 to $133.00 and set an overweight rating for the company in a report on Thursday, February 29th. StockNews.com downgraded Baidu from a buy rating to a hold rating in a report on Saturday, March 23rd. Finally, Citigroup decreased their price objective on Baidu from $181.00 to $176.00 and set a buy rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $171.64.
Read Our Latest Research Report on Baidu
Baidu Stock Performance
Institutional Trading of Baidu
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its position in Baidu by 0.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after purchasing an additional 99 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Baidu by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after buying an additional 110 shares during the last quarter. CWM LLC boosted its stake in Baidu by 8.7% in the 3rd quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock worth $214,000 after buying an additional 127 shares during the last quarter. Beacon Financial Group boosted its stake in Baidu by 7.2% in the 4th quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock worth $226,000 after buying an additional 128 shares during the last quarter. Finally, Ignite Planners LLC boosted its stake in Baidu by 3.8% in the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after buying an additional 139 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.
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