世界速读：百度（纳斯达克股票代码：BIDU）PT在瑞银集团上调至185.00美元

2023-02-27 17:04:06 来源：新浪网

Baidu (NASDAQ:BIDU – Get Rating) had its price objective increased by UBS Group from $182.00 to $185.00 in a report issued on Thursday morning, The Fly reports.

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Several other analysts have also commented on the stock. Loop Capital dropped their price target on shares of Baidu from $185.00 to $167.00 in a research report on Tuesday, December 6th. Morgan Stanley lowered their price target on shares of Baidu from $140.00 to $120.00 in a report on Wednesday, November 23rd. Mizuho cut their price objective on shares of Baidu from $200.00 to $180.00 and set a buy rating for the company in a research report on Wednesday, November 23rd. The Goldman Sachs Group increased their price objective on shares of Baidu from $186.00 to $188.00 and gave the company a buy rating in a research note on Tuesday, January 17th. Finally, Benchmark reaffirmed a buy rating and set a $200.00 price target on shares of Baidu in a research note on Wednesday, February 15th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $182.28.

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Baidu Price Performance

Shares of BIDU stock opened at $132.51 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.67 and a quick ratio of 2.46. The company has a market capitalization of $45.79 billion, a P/E ratio of 45.85, a P/E/G ratio of 0.72 and a beta of 0.67. The company's 50-day simple moving average is $133.43 and its two-hundred day simple moving average is $120.32. Baidu has a one year low of $73.58 and a one year high of $170.35.

Baidu declared that its Board of Directors has approved a stock buyback program on Wednesday, February 22nd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Baidu

Institutional investors and hedge funds have recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Baidu by 134.8% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 162,243 shares of the information services provider's stock worth $21,586,000 after purchasing an additional 93,158 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Baidu in the 1st quarter valued at approximately $1,343,000. Cibc World Market Inc. increased its position in shares of Baidu by 25.8% during the 1st quarter. Cibc World Market Inc. now owns 5,499 shares of the information services provider's stock worth $728,000 after purchasing an additional 1,127 shares during the last quarter. Ergoteles LLC bought a new position in shares of Baidu during the 1st quarter worth approximately $5,593,000. Finally, Mackenzie Financial Corp boosted its stake in Baidu by 9.0% in the 1st quarter. Mackenzie Financial Corp now owns 139,904 shares of the information services provider's stock valued at $18,509,000 after purchasing an additional 11,518 shares during the period. 23.06% of the stock is currently owned by institutional investors.

Baidu Company Profile

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Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

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