BidaskClub downgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a sell rating in a research report report published on Tuesday, January 23rd.
BIDU has been the subject of several other research reports. OTR Global upgraded shares of Baidu to a positive rating in a report on Wednesday, October 25th. Barclays set a $250.00 target price on shares of Baidu and gave the stock a hold rating in a report on Thursday, October 19th. Jefferies Group upped their price target on shares of Baidu from $232.00 to $305.00 and gave the stock a buy rating in a research report on Friday, October 20th. Bank of America reaffirmed a buy rating and set a $301.00 price target on shares of Baidu in a research report on Sunday, November 19th. Finally, Zacks Investment Research lowered shares of Baidu from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Baidu currently has a consensus rating of Hold and a consensus target price of $245.01.
Shares of Baidu (NASDAQ BIDU) traded up $10.29 on Tuesday, reaching $235.89. 7,942,827 shares of the company traded hands, compared to its average volume of 2,960,000. Baidu has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The firm has a market capitalization of $81,910.00, a PE ratio of 32.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71.
Several institutional investors and hedge funds have recently modified their holdings of BIDU. Schwab Charles Investment Management Inc. raised its position in shares of Baidu by 53.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 17,872 shares of the information services provider’s stock valued at $3,197,000 after purchasing an additional 6,246 shares during the period. Principal Financial Group Inc. grew its stake in shares of Baidu by 151.0% in the second quarter. Principal Financial Group Inc. now owns 3,378 shares of the information services provider’s stock valued at $604,000 after acquiring an additional 2,032 shares in the last quarter. FMR LLC grew its stake in shares of Baidu by 39.2% in the second quarter. FMR LLC now owns 796,164 shares of the information services provider’s stock valued at $142,402,000 after acquiring an additional 224,348 shares in the last quarter. Ark Investment Management LLC grew its stake in shares of Baidu by 30.9% in the second quarter. Ark Investment Management LLC now owns 102,901 shares of the information services provider’s stock valued at $18,405,000 after acquiring an additional 24,302 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new position in shares of Baidu in the second quarter valued at about $1,623,000. 63.73% of the stock is currently owned by institutional investors.
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Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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