Baidu (NASDAQ:BIDU) Stock Rating Upgraded by StockNews.com

Baidu (NASDAQ:BIDU) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

BIDU has been the subject of several other reports. Loop Capital decreased their target price on Baidu from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, June 21st. Susquehanna decreased their target price on Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Friday, May 24th. Morgan Stanley lowered Baidu from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $140.00 to $125.00 in a research report on Friday, May 17th. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Baidu in a research report on Friday, May 17th. Finally, Citigroup cut their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Baidu Trading Down 1.1 %

BIDU stock traded down $1.02 during midday trading on Monday, reaching $87.95. The stock had a trading volume of 2,230,141 shares, compared to its average volume of 3,304,745. The firm has a market cap of $30.84 billion, a price-to-earnings ratio of 11.77 and a beta of 0.49. Baidu has a twelve month low of $85.08 and a twelve month high of $156.98. The business has a fifty day simple moving average of $98.86 and a two-hundred day simple moving average of $103.61. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On Baidu

Several institutional investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its stake in Baidu by 16,537.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,331 shares of the information services provider’s stock valued at $140,000 after acquiring an additional 1,323 shares in the last quarter. SRN Advisors LLC raised its stake in shares of Baidu by 111.5% during the 1st quarter. SRN Advisors LLC now owns 15,694 shares of the information services provider’s stock worth $1,652,000 after purchasing an additional 8,272 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Baidu by 6.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 286,775 shares of the information services provider’s stock worth $30,513,000 after purchasing an additional 16,915 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Baidu by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 98,510 shares of the information services provider’s stock worth $10,371,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of Baidu by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 5,264 shares of the information services provider’s stock worth $554,000 after purchasing an additional 2,351 shares in the last quarter.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.