Baidu Inc (BIDU) Upgraded by Vetr Inc. to “Strong-Buy”

Vetr upgraded shares of Baidu Inc (NASDAQ:BIDU) from a buy rating to a strong-buy rating in a research report released on Thursday, May 4th. The brokerage currently has $198.65 price objective on the information services provider’s stock.

Several other brokerages also recently commented on BIDU. Evercore ISI reaffirmed a hold rating and set a $200.00 price objective on shares of Baidu in a research note on Wednesday, February 1st. Deutsche Bank AG restated a hold rating and issued a $181.00 price objective (down previously from $194.00) on shares of Baidu in a report on Monday, February 27th. Barclays PLC started coverage on shares of Baidu in a report on Tuesday, March 28th. They issued an equal weight rating and a $195.00 price objective on the stock. Zacks Investment Research cut shares of Baidu from a buy rating to a sell rating in a report on Wednesday, March 1st. Finally, Morgan Stanley restated an equal weight rating and issued a $185.00 price objective on shares of Baidu in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Baidu currently has an average rating of Hold and a consensus target price of $186.63.

Baidu (NASDAQ:BIDU) traded up 3.47% during mid-day trading on Thursday, reaching $188.76. The company’s stock had a trading volume of 3,863,947 shares. The company has a 50 day moving average of $179.47 and a 200-day moving average of $173.94. Baidu has a 52-week low of $155.28 and a 52-week high of $197.80. The stock has a market cap of $65.48 billion, a PE ratio of 41.84 and a beta of 1.90.

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Several institutional investors have recently bought and sold shares of the stock. Financial Architects Inc boosted its position in Baidu by 63.2% in the third quarter. Financial Architects Inc now owns 775 shares of the information services provider’s stock valued at $141,000 after buying an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Baidu during the third quarter valued at about $146,000. Barnett & Company Inc. boosted its position in Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares in the last quarter. Parallel Advisors LLC purchased a new position in Baidu during the fourth quarter valued at about $167,000. Finally, IHT Wealth Management LLC boosted its position in Baidu by 6.0% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider’s stock valued at $197,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 62.63% of the company’s stock.

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.

12 Month Chart for NASDAQ:BIDU

To view Vetr’s full report, visit Vetr’s official website.

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