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

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

BIDU has been the subject of a number of other reports. JPMorgan Chase & Co. restated a neutral rating and issued a $190.00 price objective on shares of Baidu in a report on Friday, April 28th. Credit Suisse Group AG reaffirmed a hold rating and issued a $180.00 target price on shares of Baidu in a report on Wednesday, February 22nd. CICC Research cut shares of Baidu from a buy rating to a hold rating and set a $185.00 price target on the stock. in a research note on Tuesday, February 21st. Sanford C. Bernstein assumed coverage on shares of Baidu in a research report on Wednesday, January 11th. They set an underperform rating and a $150.00 target price on the stock. Finally, Jefferies Group LLC upped their target price on shares of Baidu from $188.00 to $208.00 and gave the company a buy rating in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. Baidu has a consensus rating of Hold and a consensus price target of $186.63.

Shares of Baidu (NASDAQ:BIDU) opened at 190.39 on Thursday. Baidu has a one year low of $155.28 and a one year high of $197.80. The stock’s 50 day moving average price is $181.96 and its 200 day moving average price is $174.71. The company has a market cap of $66.04 billion, a PE ratio of 42.21 and a beta of 1.90.

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Several hedge funds have recently made changes to their positions in BIDU. Strs Ohio raised its stake in shares of Baidu by 12.9% in the third quarter. Strs Ohio now owns 41,100 shares of the information services provider’s stock valued at $7,483,000 after buying an additional 4,700 shares during the period. Great West Life Assurance Co. Can raised its position in Baidu by 6.3% in the third quarter. Great West Life Assurance Co. Can now owns 108,382 shares of the information services provider’s stock worth $19,711,000 after buying an additional 6,400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Baidu by 0.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,090 shares of the information services provider’s stock worth $6,389,000 after buying an additional 320 shares during the last quarter. DnB Asset Management AS acquired a new position in Baidu during the third quarter worth $19,045,000. Finally, Financial Architects Inc raised 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 worth $141,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds 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.

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

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