Mizuho Issues Positive Forecast for Baidu (NASDAQ:BIDU) Stock Price

Baidu (NASDAQ:BIDU - Get Free Report) had its price objective raised by equities research analysts at Mizuho from $95.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the information services provider's stock. Mizuho's target price would suggest a potential upside of 15.15% from the company's previous close.

Several other equities research analysts have also recently weighed in on BIDU. Benchmark reaffirmed a "buy" rating and issued a $130.00 price target on shares of Baidu in a research note on Friday, January 24th. Nomura cut Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday. Citigroup reduced their price target on Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Barclays increased their target price on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Baidu presently has a consensus rating of "Hold" and a consensus target price of $111.25.

Baidu Stock Up 1.7 %

BIDU stock traded up $1.54 during midday trading on Wednesday, hitting $91.19. The stock had a trading volume of 11,592,369 shares, compared to its average volume of 5,391,228. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. The business has a 50-day moving average of $87.08 and a two-hundred day moving average of $88.83. Baidu has a 52-week low of $77.19 and a 52-week high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BIDU. Rialto Wealth Management LLC bought a new position in Baidu in the fourth quarter valued at about $42,000. Sycomore Asset Management bought a new position in Baidu in the fourth quarter valued at about $51,000. GeoWealth Management LLC lifted its holdings in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock valued at $72,000 after acquiring an additional 593 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Baidu in the third quarter worth about $72,000.

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.