Baidu (NASDAQ:BIDU) Raised to “Buy” at StockNews.com

Baidu (NASDAQ:BIDU) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

BIDU has been the subject of a number of other research reports. Citigroup reduced their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $113.75.

Baidu Trading Down 1.9 %

Shares of BIDU stock opened at $86.60 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.19 and a beta of 0.46. Baidu has a 1 year low of $78.95 and a 1 year high of $120.25. The firm has a fifty day moving average price of $87.91 and a 200-day moving average price of $89.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Grove Bank & Trust lifted its position in Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 130 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after acquiring an additional 140 shares during the last quarter. Denver PWM LLC grew its position in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC increased its stake in Baidu by 1.5% during the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after acquiring an additional 250 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Baidu by 6.9% during the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after purchasing an additional 357 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.