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

StockNews.com upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a buy rating in a report issued on Friday.

Several other equities research analysts also recently weighed in on BIDU. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $85.00 in a research report on Monday, November 25th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. 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. HSBC lowered Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Tuesday, September 24th. Finally, Barclays downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.75.

Baidu Stock Down 1.9 %

NASDAQ:BIDU opened at $86.60 on Friday. 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 firm has a market cap of $30.37 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.19 and a beta of 0.46. Baidu has a fifty-two week low of $78.95 and a fifty-two week high of $120.25. The firm has a 50-day simple moving average of $87.91 and a two-hundred day simple moving average of $89.86.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Baidu by 31.4% in the 2nd quarter. Raymond James & Associates now owns 14,368 shares of the information services provider’s stock worth $1,243,000 after buying an additional 3,432 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Baidu by 38.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,476 shares of the information services provider’s stock worth $387,000 after purchasing an additional 1,238 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Baidu during the 2nd quarter valued at approximately $52,000. International Assets Investment Management LLC lifted its holdings in Baidu by 34.8% in the 2nd quarter. International Assets Investment Management LLC now owns 8,801 shares of the information services provider’s stock worth $761,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Baidu by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,787 shares of the information services provider’s stock worth $2,057,000 after purchasing an additional 1,330 shares in the last quarter.

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.