Baidu (BIDU) Given a $369.00 Price Target at Deutsche Bank

Deutsche Bank set a $369.00 target price on Baidu (NASDAQ:BIDU) in a research note published on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the information services provider’s stock.

A number of other research analysts have also recently issued reports on the company. Barclays set a $250.00 price objective on Baidu and gave the company a hold rating in a research note on Thursday, October 18th. Zacks Investment Research raised Baidu from a sell rating to a hold rating in a research note on Tuesday, October 16th. Citigroup cut their target price on Baidu from $295.00 to $265.00 and set an outperform rating on the stock in a research note on Friday, October 12th. They noted that the move was a valuation call. UBS Group set a $280.00 target price on Baidu and gave the stock a buy rating in a research note on Tuesday, October 9th. Finally, BidaskClub cut Baidu from a sell rating to a strong sell rating in a research note on Saturday, October 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $292.64.

Shares of NASDAQ:BIDU traded down $1.51 on Monday, reaching $180.24. 1,957,141 shares of the company traded hands, compared to its average volume of 3,214,258. Baidu has a 52 week low of $178.10 and a 52 week high of $284.22. The stock has a market capitalization of $65.37 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25.



A number of institutional investors and hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Baidu by 2,488.5% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,579 shares of the information services provider’s stock worth $361,000 after buying an additional 1,518 shares during the period. NN Investment Partners Holdings N.V. lifted its holdings in Baidu by 4.4% in the third quarter. NN Investment Partners Holdings N.V. now owns 48,589 shares of the information services provider’s stock worth $11,111,000 after buying an additional 2,028 shares during the period. CWM LLC lifted its holdings in Baidu by 26.7% in the third quarter. CWM LLC now owns 54,550 shares of the information services provider’s stock worth $12,474,000 after buying an additional 11,484 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in Baidu in the third quarter worth about $253,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Baidu by 0.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 46,315 shares of the information services provider’s stock worth $10,591,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 60.84% 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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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