Baidu (NASDAQ:BIDU) had its target price reduced by Barclays from $200.00 to $160.00 in a report released on Monday morning, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the information services provider’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup cut their price target on shares of Baidu from $262.00 to $205.00 and set a buy rating on the stock in a report on Tuesday, January 22nd. Benchmark restated a buy rating and set a $245.00 price target (down from $260.00) on shares of Baidu in a report on Friday, February 22nd. Daiwa Capital Markets set a $215.00 price target on shares of Baidu and gave the stock a buy rating in a report on Friday, March 8th. Credit Suisse Group set a $221.00 price target on shares of Baidu and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Mizuho cut their price target on shares of Baidu from $215.00 to $205.00 and set a buy rating on the stock in a report on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $196.13.

Baidu stock opened at $113.46 on Monday. Baidu has a fifty-two week low of $113.30 and a fifty-two week high of $274.00. The stock has a market cap of $42.09 billion, a P/E ratio of 14.55, a PEG ratio of 3.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.73 and a current ratio of 2.73.

Baidu announced that its Board of Directors has approved a stock repurchase program on Thursday, May 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the information services provider to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Baidu in the fourth quarter valued at approximately $26,000. First Personal Financial Services raised its position in shares of Baidu by 70.7% in the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Regal Wealth Group Inc. bought a new stake in shares of Baidu in the fourth quarter valued at approximately $32,000. Rational Advisors LLC raised its position in shares of Baidu by 1,400.0% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 196 shares during the period. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Baidu in the fourth quarter valued at approximately $33,000. 59.80% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Cash Asset Ratio

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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