Baidu (NASDAQ:BIDU) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Baidu (NASDAQ:BIDU) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other equities analysts also recently issued reports on the company. Barclays cut their target price on Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. Nomura reduced their price objective on Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a research note on Friday, March 6th. BNP Paribas Exane assumed coverage on Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price objective for the company. Zephirin Group boosted their price objective on Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a report on Monday, March 2nd. Finally, Susquehanna boosted their price objective on Baidu from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Baidu has a consensus rating of “Moderate Buy” and an average target price of $158.05.

Baidu Price Performance

NASDAQ BIDU opened at $141.05 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.76. The stock’s fifty day moving average price is $119.96 and its 200 day moving average price is $128.10. Baidu has a 1 year low of $81.17 and a 1 year high of $165.30. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 88.71 and a beta of 0.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its stake in Baidu by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after buying an additional 73 shares in the last quarter. Keel Point LLC lifted its stake in Baidu by 1.7% in the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after buying an additional 84 shares in the last quarter. PDS Planning Inc lifted its stake in Baidu by 5.7% in the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after buying an additional 88 shares in the last quarter. UMB Bank n.a. lifted its stake in Baidu by 25.9% in the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after buying an additional 88 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Baidu by 8.4% in the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock valued at $167,000 after buying an additional 99 shares in the last quarter.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.