According to Stock Target Advisor, Susquehanna Bancshares analysts reduced Baidu’s (NASDAQ: BIDU) price objective from $195.00 to $150.00 in a research note distributed to investors on Wednesday. The price objective set by Susquehanna Bancshares suggests that the stock’s present value of 25.46% may rise.
Furthermore, the industry has been the subject of previous research reports by other experts.
Bank of America restated a “buy” rating and set a $224.00 target price on shares of Baidu in a research note on Monday, November 28. Jefferies Financial Group reduced their price target on Baidu from $236.00 to $217.00 in a report issued on Thursday, October 13. Sanford C. Bernstein increased their price objective for Baidu in a report published on November 23 from $92 to $109.00. Loop Capital lowered its price objective on Baidu in a research report released Tuesday, December 6, from $185.00 to $167.00. Last but not least, on November 23, Morgan Stanley lowered its price objective for Baidu from $140.00 to $120.00 in a research report. Thirteen research experts have recommended buying the business, while three have classified it as a hold. Bloomberg.com reports that the company currently has an average target price of $176.61 and a “Moderate Buy” rating.
Trading in NASDAQ: BIDU increased by $0.40 to $119.56 on Wednesday. Compared to the 3,447,067 average daily volume, 51,855 shares of the company’s stock were traded. The current, quick, and debt-to-equity ratios are equal to 2.46, 2.46, and 0.28, respectively. Baidu’s 52-week low and high are $73.58 and $171.87, respectively. The stock’s 200-day and 50-day simple moving averages are $124.47 and $98.44, respectively. The company is valued at $41.31 billion on the market and has a beta of 0.68, a P/E ratio of 73.33, a PEG ratio of 0.92, and a PEG ratio of 0.92.
Institutional investors and hedge funds have modified their holdings of BIDU. E Fund Management Hong Kong Co. Ltd. boosted its stake in Baidu by 134.8% during the first quarter. After acquiring an additional 93,158 shares in the most recent quarter, E Fund Management Hong Kong Co. Ltd. now owns 162,243 shares of the information services provider’s stock, valued at $21,586,000. Toronto Dominion Bank boosted its ownership of Baidu by 131.0% during the first quarter. Toronto Dominion Bank now owns 1,670 shares of the information services provider’s business, valued at $221,000, after acquiring an additional 947 shares in the most recent quarter. Mercer Global Advisors Inc. (ADV) boosted its stake in Baidu by 28.8% during the first quarter. Mercer Global Advisors Inc. (ADV) now owns 9,879 shares of the information services provider’s stock, valued at $1,307,000, after acquiring an additional 2,208 shares in the most recent quarter. In the first quarter, T.D. Asset Management Inc. boosted its ownership of Baidu by 1.8%. T.D. Asset Management Inc. now owns 11,105 shares of the information services provider’s stock, valued at $1,469,000, following the purchase of an additional 200 shares in the most recent quarter. Additionally, N.N. Investment Partners Holdings N.V. boosted its holding in Baidu by 1.1% during the first quarter. N.N. Investment Partners Holdings N.V. now directly owns 85,132 shares of the information services provider’s stock, valued at $11,260,000, after acquiring an additional 900 shares in the last quarter. Of the shares, institutional investors hold 26.55%.
Baidu, Inc. offers internet search services in China. The names of the two business units are Baidu Core and iQIYI. Users can use Hakan, the Baidu App, Baidu Search, and Baidu Feed to access search, feeds, and other services. Baidu Search allows users access to search and other services, whereas Baidu Feed offers users a customized timeline based on their demographics and interests.