Baidu (BIDU) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a sell rating to a hold rating in a research report report published on Wednesday.

Other equities research analysts have also issued research reports about the stock. Bank of America reissued a buy rating and set a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Barclays increased their price objective on shares of Baidu from $240.00 to $250.00 and gave the stock an equal weight rating in a report on Friday, January 26th. Jefferies Group lowered shares of Baidu from a buy rating to a hold rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Baidu from a buy rating to a hold rating in a report on Monday, December 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Baidu from $230.00 to $225.00 and set a neutral rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $250.01.

Shares of Baidu (NASDAQ:BIDU) opened at $246.92 on Wednesday. Baidu has a 1 year low of $166.00 and a 1 year high of $274.97. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 0.30. The stock has a market cap of $85,105.30, a PE ratio of 31.41, a P/E/G ratio of 1.78 and a beta of 1.86.

Hedge funds and other institutional investors have recently modified their holdings of the company. Trustcore Financial Services LLC bought a new position in shares of Baidu in the 4th quarter valued at about $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Baidu by 96.0% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 240 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Baidu by 88.5% in the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 230 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Baidu in the 4th quarter valued at about $135,000. Finally, Virtue Capital Management LLC bought a new position in shares of Baidu in the 4th quarter valued at about $155,000. 63.45% of the stock is currently owned by institutional investors.

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About Baidu

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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