BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a strong sell rating to a sell rating in a research note published on Thursday morning.
Several other equities analysts have also weighed in on BIDU. Wells Fargo & Co reissued an outperform rating and issued a $300.00 price objective (up from $290.00) on shares of Baidu in a research report on Wednesday. Daiwa Capital Markets raised shares of Baidu from a hold rating to an outperform rating in a research report on Wednesday. Morgan Stanley raised shares of Baidu from an equal weight rating to an overweight rating and increased their price objective for the company from $225.60 to $280.00 in a research report on Wednesday. Barclays set a $250.00 price objective on shares of Baidu and gave the company a hold rating in a research report on Thursday, October 19th. Finally, Oppenheimer increased their price objective on shares of Baidu from $250.00 to $295.00 and gave the company an outperform rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $246.76.
Baidu (BIDU) opened at $244.72 on Thursday. The firm has a market cap of $84,859.11, a PE ratio of 31.13, a PEG ratio of 1.68 and a beta of 1.86. Baidu has a 1 year low of $166.00 and a 1 year high of $274.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.71.
Hedge funds have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC acquired a new stake in Baidu during the fourth quarter worth about $109,000. Whittier Trust Co. grew its stake in Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after buying an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after buying an additional 240 shares in the last quarter. We Are One Seven LLC acquired a new stake in Baidu during the fourth quarter worth about $135,000. Finally, Virtue Capital Management LLC acquired a new stake in Baidu during the fourth quarter worth about $155,000. Institutional investors and hedge funds own 63.73% of the company’s stock.
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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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