Baidu (NASDAQ:BIDU) Upgraded at StockNews.com

StockNews.com upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Other analysts have also recently issued reports about the stock. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Benchmark decreased their target price on shares of Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Sanford C. Bernstein lowered shares of Baidu from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $130.00 to $97.00 in a report on Friday, August 23rd. Loop Capital decreased their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, HSBC lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.92.

Baidu Stock Performance

Shares of BIDU stock opened at $84.82 on Tuesday. The stock has a market capitalization of $29.74 billion, a P/E ratio of 10.38, a PEG ratio of 1.06 and a beta of 0.51. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $93.59 and its 200 day moving average is $91.94. Baidu has a 12 month low of $78.95 and a 12 month high of $123.74.

Hedge Funds Weigh In On Baidu

Several institutional investors and hedge funds have recently made changes to their positions in the business. World Investment Advisors LLC bought a new position in shares of Baidu during the 3rd quarter valued at $72,000. Coldstream Capital Management Inc. purchased a new stake in Baidu during the 3rd quarter valued at $653,000. Public Employees Retirement System of Ohio purchased a new stake in Baidu during the 3rd quarter valued at $5,009,000. Y Intercept Hong Kong Ltd purchased a new stake in Baidu during the 3rd quarter valued at $3,660,000. Finally, MML Investors Services LLC boosted its position in Baidu by 453.5% during the 3rd quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider’s stock valued at $1,461,000 after buying an additional 11,370 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.