Baidu Inc (NASDAQ:BIDU) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $196.30 target price on the stock. Vetr‘s price target would indicate a potential upside of 13.84% from the company’s previous close.
BIDU has been the topic of several other research reports. 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 report on Tuesday, February 21st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $200.00 price target on shares of Baidu in a research report on Tuesday, February 28th. Credit Suisse Group AG restated a “hold” rating and issued a $180.00 price target on shares of Baidu in a research report on Wednesday, February 22nd. Stifel Nicolaus upgraded shares of Baidu from a “hold” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $220.00 in a research report on Tuesday, January 10th. Finally, Jefferies Group LLC set a $188.00 price target on shares of Baidu and gave the stock a “buy” rating in a research report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $188.56.
Baidu (NASDAQ:BIDU) opened at 172.44 on Monday. The company has a 50-day moving average of $176.98 and a 200-day moving average of $175.05. The firm has a market capitalization of $59.92 billion, a price-to-earnings ratio of 37.28 and a beta of 1.90. Baidu has a 52 week low of $155.28 and a 52 week high of $201.00.
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A number of hedge funds have recently added to or reduced their stakes in BIDU. Cornerstone Advisors Inc. raised its stake in Baidu by 1.0% in the third quarter. Cornerstone Advisors Inc. now owns 611 shares of the company’s stock worth $111,000 after buying an additional 6 shares during the period. Financial Architects Inc raised its stake in Baidu by 63.2% in the third quarter. Financial Architects Inc now owns 775 shares of the company’s stock worth $141,000 after buying an additional 300 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Baidu during the third quarter worth $146,000. Parallel Advisors LLC acquired a new stake in Baidu during the fourth quarter worth $167,000. Finally, Riverbridge Partners LLC acquired a new stake in Baidu during the third quarter worth $200,000. 62.63% of the stock is owned by institutional investors.
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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