Baidu (NASDAQ:BIDU) Given a $135.00 Price Target by Jefferies Financial Group Analysts

Baidu (NASDAQ:BIDU) received a $135.00 price target from stock analysts at Jefferies Financial Group in a report released on Thursday, TipRanks reports. The firm currently has a “buy” rating on the information services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 31.37% from the stock’s previous close.

A number of other brokerages also recently issued reports on BIDU. ValuEngine upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. UBS Group restated a “hold” rating and issued a $145.00 price target on shares of Baidu in a research report on Friday, July 5th. Benchmark lowered their price target on Baidu to $165.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Nomura reduced their target price on Baidu from $134.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Finally, Loop Capital assumed coverage on Baidu in a research note on Monday, June 3rd. They issued a “hold” rating and a $125.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $151.22.

BIDU traded up $1.55 during trading on Thursday, reaching $102.76. The company had a trading volume of 1,918,929 shares, compared to its average volume of 3,754,078. The stock has a market cap of $35.36 billion, a P/E ratio of 13.17, a PEG ratio of 13.77 and a beta of 1.73. The business has a 50 day simple moving average of $103.58 and a 200-day simple moving average of $128.45. Baidu has a 52 week low of $93.39 and a 52 week high of $231.17. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32.

A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in shares of Baidu by 15.0% during the first quarter. First Trust Advisors LP now owns 470,656 shares of the information services provider’s stock valued at $77,588,000 after buying an additional 61,431 shares during the period. Advisor Group Inc. increased its stake in shares of Baidu by 17.0% during the first quarter. Advisor Group Inc. now owns 24,852 shares of the information services provider’s stock valued at $4,096,000 after buying an additional 3,619 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Baidu by 1.5% during the first quarter. PNC Financial Services Group Inc. now owns 20,086 shares of the information services provider’s stock valued at $3,312,000 after buying an additional 302 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Baidu by 12.6% during the first quarter. Pinnacle Associates Ltd. now owns 1,690 shares of the information services provider’s stock valued at $279,000 after buying an additional 189 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Baidu by 17.6% during the first quarter. Envestnet Asset Management Inc. now owns 154,247 shares of the information services provider’s stock valued at $25,428,000 after buying an additional 23,037 shares during the period. Institutional investors and hedge funds own 56.74% of the company’s stock.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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