Baidu (NASDAQ:BIDU) had its price objective trimmed by Nomura from $181.00 to $147.00 in a research report report published on Monday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the information services provider’s stock.

BIDU has been the subject of a number of other research reports. ValuEngine cut shares of Baidu from a hold rating to a sell rating in a research note on Saturday, May 18th. Zacks Investment Research upgraded shares of Baidu from a strong sell rating to a hold rating in a research note on Tuesday, February 26th. BidaskClub cut shares of Baidu from a sell rating to a strong sell rating in a research note on Friday, May 10th. Benchmark decreased their price target on shares of Baidu from $245.00 to $180.00 and set a buy rating for the company in a research note on Friday, May 17th. Finally, Barclays decreased their price target on shares of Baidu from $200.00 to $160.00 and set an equal weight rating for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $196.13.

Shares of Baidu stock opened at $113.46 on Monday. Baidu has a 12-month low of $113.30 and a 12-month high of $274.00. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $42.09 billion, a PE ratio of 14.55, a P/E/G ratio of 3.88 and a beta of 1.44.

Baidu announced that its board has approved a stock buyback program on Thursday, May 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information services provider to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in BIDU. Vanguard Group Inc lifted its stake in shares of Baidu by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 9,668,953 shares of the information services provider’s stock worth $2,211,097,000 after acquiring an additional 104,819 shares during the period. Regent Investment Management LLC lifted its stake in shares of Baidu by 216.1% in the 4th quarter. Regent Investment Management LLC now owns 7,745 shares of the information services provider’s stock worth $1,228,000 after acquiring an additional 5,295 shares during the period. NuWave Investment Management LLC lifted its stake in shares of Baidu by 9,485.7% in the 4th quarter. NuWave Investment Management LLC now owns 1,342 shares of the information services provider’s stock worth $213,000 after acquiring an additional 1,328 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Baidu in the 4th quarter worth $222,000. Finally, Regal Wealth Group Inc. acquired a new stake in shares of Baidu in the 4th quarter worth $32,000. Institutional investors own 59.80% 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.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.