Baidu (NASDAQ:BIDU – Free Report) had its price objective trimmed by HSBC from $157.00 to $145.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.
A number of other equities analysts also recently weighed in on the stock. Barclays cut their price target on shares of Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a research note on Thursday, February 29th. Citigroup cut their price target on shares of Baidu from $181.00 to $176.00 and set a buy rating on the stock in a research note on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Baidu from a buy rating to a hold rating in a research note on Saturday, March 23rd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Baidu currently has a consensus rating of Moderate Buy and a consensus price target of $171.64.
Get Our Latest Stock Analysis on Baidu
Baidu Stock Performance
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BIDU. Nordea Investment Management AB boosted its holdings in shares of Baidu by 7.0% in the 4th quarter. Nordea Investment Management AB now owns 347,788 shares of the information services provider’s stock valued at $41,429,000 after buying an additional 22,797 shares during the period. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Baidu by 8.8% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock valued at $171,336,000 after buying an additional 116,047 shares during the period. Northern Trust Corp boosted its holdings in shares of Baidu by 1.2% in the 3rd quarter. Northern Trust Corp now owns 179,688 shares of the information services provider’s stock valued at $24,141,000 after buying an additional 2,202 shares during the period. Black Creek Investment Management Inc. boosted its holdings in shares of Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock valued at $280,698,000 after buying an additional 63,239 shares during the period. Finally, Bank Hapoalim BM acquired a new position in shares of Baidu in the 4th quarter valued at about $1,522,000.
About Baidu
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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