Recent Research Analysts’ Ratings Updates for Baidu (BIDU)

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Several brokerages have updated their recommendations and price targets on shares of Baidu (NASDAQ: BIDU) in the last few weeks:

  • 1/14/2019 – Baidu is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating on the stock.
  • 1/8/2019 – Baidu was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $188.00 price target on the stock.
  • 1/7/2019 – Baidu was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 12/30/2018 – Baidu was given a new $246.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 12/23/2018 – Baidu was given a new $246.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 12/21/2018 – Baidu was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/12/2018 – Baidu is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $213.00 price target on the stock.
  • 12/5/2018 – Baidu was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “

Shares of BIDU traded down $2.58 during trading hours on Monday, hitting $163.53. The company had a trading volume of 26,162 shares, compared to its average volume of 3,138,803. The firm has a market cap of $57.78 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 0.88 and a beta of 1.60. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24. Baidu Inc has a one year low of $153.78 and a one year high of $284.22.

Institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA purchased a new stake in shares of Baidu in the second quarter worth about $108,000. Baird Financial Group Inc. grew its position in Baidu by 44.9% in the second quarter. Baird Financial Group Inc. now owns 7,170 shares of the information services provider’s stock worth $1,742,000 after acquiring an additional 2,222 shares during the period. Voya Investment Management LLC grew its position in Baidu by 23.2% in the second quarter. Voya Investment Management LLC now owns 43,377 shares of the information services provider’s stock worth $10,541,000 after acquiring an additional 8,177 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of Baidu during the second quarter worth $119,000. Finally, Vident Investment Advisory LLC boosted its position in shares of Baidu by 184.5% during the second quarter. Vident Investment Advisory LLC now owns 6,214 shares of the information services provider’s stock worth $1,510,000 after buying an additional 4,030 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.

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.

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