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

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

BIDU has been the topic of a number of other reports. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and cut their price target for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Barclays downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Dbs Bank lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. HSBC downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, September 24th. Finally, China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Hold” and an average price target of $113.75.

Baidu Price Performance

Shares of NASDAQ BIDU traded down $1.65 during mid-day trading on Friday, hitting $86.60. 1,940,122 shares of the stock traded hands, compared to its average volume of 3,552,100. The company has a market cap of $30.37 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu has a twelve month low of $78.95 and a twelve month high of $120.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a 50 day simple moving average of $87.91 and a two-hundred day simple moving average of $89.86.

Institutional Trading of Baidu

Several hedge funds have recently bought and sold shares of BIDU. Grove Bank & Trust increased its position in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after acquiring an additional 130 shares in the last quarter. Advisors Asset Management Inc. grew its position in Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares in the last quarter. Denver PWM LLC increased its position in shares of Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 220 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of Baidu by 1.5% in the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after buying an additional 250 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Baidu by 6.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after acquiring an additional 357 shares during the period.

About Baidu

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.