Baidu (BIDU) Coverage Initiated at KeyCorp

Analysts at KeyCorp started coverage on shares of Baidu (NASDAQ:BIDU) in a note issued to investors on Thursday. The brokerage set a “sector weight” rating on the information services provider’s stock.

A number of other brokerages also recently issued reports on BIDU. Zacks Investment Research downgraded Baidu from a “buy” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a report on Friday, March 30th. ValuEngine raised Baidu from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Daiwa Capital Markets raised Baidu from a “hold” rating to an “outperform” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley raised Baidu from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $225.60 to $280.00 in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $256.22.

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Shares of BIDU opened at $219.82 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $77,778.27, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.88. Baidu has a 52-week low of $171.17 and a 52-week high of $274.97.

Several hedge funds have recently bought and sold shares of BIDU. Comgest Global Investors S.A.S. lifted its holdings in shares of Baidu by 5.7% during the fourth quarter. Comgest Global Investors S.A.S. now owns 3,079,180 shares of the information services provider’s stock worth $721,174,000 after purchasing an additional 166,800 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Baidu by 4.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 3,038,645 shares of the information services provider’s stock worth $711,681,000 after purchasing an additional 130,474 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Baidu by 8.8% during the fourth quarter. OppenheimerFunds Inc. now owns 2,529,237 shares of the information services provider’s stock worth $592,372,000 after purchasing an additional 204,004 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Baidu by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock worth $414,663,000 after purchasing an additional 48,476 shares during the period. Finally, Investec Asset Management LTD lifted its holdings in shares of Baidu by 8.6% during the fourth quarter. Investec Asset Management LTD now owns 1,305,736 shares of the information services provider’s stock worth $305,816,000 after purchasing an additional 103,588 shares during the period. 63.16% of the stock is owned by institutional investors and hedge funds.

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Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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