Baidu (NASDAQ:BIDU) PT Lowered to $176.00 at The Goldman Sachs Group

kopsource · Nov 26, 2022 16:21

Baidu (NASDAQ:BIDU – Get Rating) had its price target trimmed by The Goldman Sachs Group from $184.00 to $176.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the information services provider's stock.

BIDU has been the subject of a number of other research reports. Mizuho dropped their target price on Baidu from $200.00 to $180.00 and set a buy rating for the company in a research report on Wednesday. Benchmark reduced their target price on shares of Baidu from $270.00 to $200.00 in a report on Wednesday. KGI Securities lowered shares of Baidu from an outperform rating to a neutral rating in a research report on Monday, October 24th. Jefferies Financial Group reduced their price objective on Baidu from $236.00 to $217.00 in a research note on Thursday, October 13th. Finally, JPMorgan Chase & Co. raised Baidu from a neutral rating to an overweight rating and boosted their target price for the company from $160.00 to $200.00 in a research note on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $179.88.

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Baidu Trading Down 3.8 %

Shares of BIDU stock opened at $93.36 on Wednesday. The business has a 50-day moving average price of $100.99 and a two-hundred day moving average price of $125.14. Baidu has a 12-month low of $73.58 and a 12-month high of $171.87. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The firm has a market cap of $32.26 billion, a P/E ratio of 57.28, a price-to-earnings-growth ratio of 0.73 and a beta of 0.56.

Hedge Funds Weigh In On Baidu

A number of institutional investors have recently bought and sold shares of BIDU. Captrust Financial Advisors increased its stake in shares of Baidu by 4.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider's stock worth $289,000 after acquiring an additional 75 shares in the last quarter. Retirement Group LLC boosted its position in shares of Baidu by 92.0% in the 2nd quarter. Retirement Group LLC now owns 167 shares of the information services provider's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. United Capital Financial Advisers LLC grew its stake in shares of Baidu by 2.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider's stock worth $459,000 after buying an additional 88 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Baidu by 3.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider's stock valued at $398,000 after buying an additional 90 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd boosted its holdings in Baidu by 16.0% in the first quarter. ICICI Prudential Asset Management Co Ltd now owns 695 shares of the information services provider's stock worth $100,000 after acquiring an additional 96 shares in the last quarter. 26.55% of the stock is owned by institutional investors.

About Baidu

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Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

Baidu (NASDAQ:BIDU) PT Lowered to $176.00 at The Goldman Sachs Group

Baidu Trading Down 3.8 %

Hedge Funds Weigh In On Baidu

About Baidu

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