Baidu (NASDAQ:BIDU) Given a $84.00 Price Target at Barclays

Baidu (NASDAQ:BIDU) has been assigned a $84.00 target price by analysts at Barclays in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has an “equal weight” rating on the information services provider’s stock. Barclays‘s target price would indicate a potential upside of 0.23% from the stock’s previous close.

Several other research firms have also weighed in on BIDU. Wall Street Zen lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Nomura Securities lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho boosted their target price on shares of Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Finally, Benchmark decreased their target price on shares of Baidu from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Baidu presently has an average rating of “Hold” and a consensus target price of $107.82.

Baidu Stock Performance

NASDAQ:BIDU opened at $83.81 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.96 and a beta of 0.37. The company’s 50-day moving average is $87.96 and its two-hundred day moving average is $87.86. Baidu has a 1-year low of $74.71 and a 1-year high of $116.25.

Hedge Funds Weigh In On Baidu

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Baidu by 0.7% in the 1st quarter. International Assets Investment Management LLC now owns 16,100 shares of the information services provider’s stock worth $1,482,000 after acquiring an additional 114 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Baidu by 80.3% in the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after acquiring an additional 179 shares during the last quarter. Assetmark Inc. increased its stake in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after buying an additional 192 shares during the period. Intellectus Partners LLC increased its stake in Baidu by 1.4% during the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after buying an additional 235 shares during the period. Finally, US Bancorp DE increased its stake in Baidu by 7.2% during the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after buying an additional 270 shares during the period.

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.