Baidu (NASDAQ:BIDU) Receives “Buy” Rating from Benchmark

Benchmark restated their buy rating on shares of Baidu (NASDAQ:BIDU) in a research report released on Wednesday,Benzinga reports. The brokerage currently has a $130.00 target price on the information services provider’s stock.

A number of other brokerages have also weighed in on BIDU. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $85.00 in a research report on Monday, November 25th. China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research report on Monday, November 25th. Mizuho boosted their target price on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Citigroup decreased their target price on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Baidu has an average rating of “Hold” and an average price target of $111.25.

Baidu Trading Up 1.7 %

Shares of BIDU stock opened at $91.19 on Wednesday. The business’s fifty day moving average price is $87.08 and its 200 day moving average price is $88.83. Baidu has a 1-year low of $77.19 and a 1-year high of $116.25. The firm has a market capitalization of $31.97 billion, a PE ratio of 9.94, a P/E/G ratio of 2.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Institutional Trading of Baidu

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after buying an additional 1,061,893 shares during the period. RPD Fund Management LLC purchased a new position in Baidu during the fourth quarter worth about $72,245,000. FIL Ltd lifted its position in Baidu by 367.1% during the fourth quarter. FIL Ltd now owns 599,918 shares of the information services provider’s stock worth $50,579,000 after buying an additional 471,497 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in Baidu during the third quarter worth about $42,748,000. Finally, Cantor Fitzgerald L. P. lifted its position in Baidu by 1,510.9% during the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider’s stock worth $33,722,000 after buying an additional 375,145 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.