Baidu’s (BIDU) “Outperform” Rating Reiterated at Daiwa Capital Markets

Daiwa Capital Markets reiterated their outperform rating on shares of Baidu (NASDAQ:BIDU) in a research report released on Tuesday, MarketBeat reports.

A number of other analysts have also recently issued reports on BIDU. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Monday, November 25th. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays lifted their target price on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Citigroup dropped their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, Mizuho decreased their price objective on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.25.

Baidu Stock Up 1.8 %

BIDU stock opened at $89.65 on Tuesday. The business’s 50-day simple moving average is $87.09 and its 200 day simple moving average is $88.82. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The company has a market cap of $31.44 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46. Baidu has a twelve month low of $77.19 and a twelve month high of $116.25.

Hedge Funds Weigh In On Baidu

Institutional investors have recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in shares of Baidu in the fourth quarter valued at about $42,000. Sycomore Asset Management acquired a new stake in Baidu in the 4th quarter valued at about $51,000. GeoWealth Management LLC raised its stake in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after acquiring an additional 308 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter valued at approximately $72,000.

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.