Susquehanna lowered shares of Baidu (NASDAQ:BIDU – Free Report) from a positive rating to a neutral rating in a research note published on Monday, Marketbeat.com reports. The firm currently has $85.00 price target on the information services provider’s stock, down from their prior price target of $105.00.
A number of other brokerages have also recently commented on BIDU. Sanford C. Bernstein cut Baidu from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Mizuho reduced their price objective on Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Loop Capital lowered their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, HSBC downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.92.
View Our Latest Research Report on Baidu
Baidu Stock Up 2.9 %
Hedge Funds Weigh In On Baidu
Large investors have recently modified their holdings of the business. Primecap Management Co. CA lifted its position in Baidu by 1.5% in the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after buying an additional 176,150 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after acquiring an additional 18,334 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Baidu by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider’s stock worth $162,976,000 after acquiring an additional 67,331 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Baidu by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock valued at $116,263,000 after purchasing an additional 14,878 shares during the last quarter. Finally, CoreView Capital Management Ltd raised its position in Baidu by 15.6% in the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after purchasing an additional 166,618 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.
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