Baidu (BIDU) Upgraded by BidaskClub to “Hold”

Baidu (NASDAQ:BIDU) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently issued reports on BIDU. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective on the stock. in a research report on Wednesday, September 13th. Citigroup reissued a “hold” rating and set a $253.00 price objective on shares of Baidu in a research report on Thursday, September 14th. Bank of America reaffirmed a “buy” rating and issued a $263.00 target price on shares of Baidu in a report on Monday, September 18th. Wells Fargo & Co started coverage on shares of Baidu in a report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, reaffirmed a “buy” rating and issued a $282.00 target price (up previously from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $234.77.

Baidu (NASDAQ BIDU) opened at $248.95 on Thursday. Baidu has a 52-week low of $166.00 and a 52-week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market cap of $86,440.00, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.89.

Several hedge funds and other institutional investors have recently made changes to their positions in BIDU. Harding Loevner LP lifted its stake in shares of Baidu by 7,512.3% in the third quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock valued at $597,992,000 after purchasing an additional 295,426,466 shares during the period. Capital World Investors lifted its stake in shares of Baidu by 54.2% in the second quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock valued at $1,739,659,000 after purchasing an additional 3,419,291 shares during the period. Harris Associates L P lifted its stake in shares of Baidu by 29.7% in the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock valued at $1,612,458,000 after purchasing an additional 2,066,614 shares during the period. Investec Asset Management LTD lifted its stake in shares of Baidu by 3,282.3% in the third quarter. Investec Asset Management LTD now owns 1,202,148 shares of the information services provider’s stock valued at $297,760,000 after purchasing an additional 1,166,606 shares during the period. Finally, USS Investment Management Ltd lifted its stake in shares of Baidu by 156.8% in the third quarter. USS Investment Management Ltd now owns 562,600 shares of the information services provider’s stock valued at $139,350,000 after purchasing an additional 343,500 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

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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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