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

Baidu (NASDAQ:BIDU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other analysts have also recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital reduced their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Baidu has a consensus rating of “Hold” and an average target price of $114.92.

Baidu Stock Performance

BIDU stock opened at $84.82 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market cap of $29.74 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.06 and a beta of 0.51. The firm has a 50 day simple moving average of $93.64 and a 200 day simple moving average of $91.99. Baidu has a 52 week low of $78.95 and a 52 week high of $123.74.

Institutional Trading of Baidu

Several large investors have recently modified their holdings of the company. Primecap Management Co. CA boosted its holdings in shares of Baidu by 1.5% during the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock worth $1,276,521,000 after buying an additional 176,150 shares during the period. Sanders Capital LLC boosted its holdings in shares of Baidu by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after buying an additional 18,334 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Baidu by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider’s stock worth $162,976,000 after buying an additional 67,331 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Baidu by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock worth $116,263,000 after buying an additional 14,878 shares during the period. Finally, CoreView Capital Management Ltd raised its stake in Baidu by 15.6% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after purchasing an additional 166,618 shares during the last quarter.

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.