Baidu Inc. (BIDU) Cut to “Hold” at Vetr Inc.
Vetr lowered shares of Baidu Inc. (NASDAQ:BIDU) from a buy rating to a hold rating in a research note released on Thursday morning. They currently have $192.71 price objective on the stock.
A number of other equities analysts have also weighed in on the stock. Nomura reaffirmed a neutral rating and issued a $155.00 target price on shares of Baidu in a research note on Tuesday, September 6th. JPMorgan Chase & Co. began coverage on shares of Baidu in a research note on Wednesday, August 31st. They issued an underweight rating and a $164.00 target price for the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $188.00 target price (down from $196.00) on shares of Baidu in a research note on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a buy rating and issued a $182.00 target price (down from $199.00) on shares of Baidu in a research note on Monday, August 1st. Finally, Piper Jaffray Cos. reaffirmed an overweight rating and issued a $180.00 target price (down from $215.00) on shares of Baidu in a research note on Sunday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $194.34.
Baidu (NASDAQ:BIDU) opened at 184.74 on Thursday. Baidu has a one year low of $130.77 and a one year high of $217.97. The stock has a market cap of $64.03 billion, a P/E ratio of 13.58 and a beta of 2.30. The firm’s 50-day moving average is $174.67 and its 200 day moving average is $174.59.
A number of hedge funds have recently modified their holdings of the stock. Cornerstone Advisors Inc. raised its stake in shares of Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock worth $100,000 after buying an additional 5 shares in the last quarter. Huntington National Bank raised its stake in shares of Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock worth $103,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC raised its stake in shares of Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock worth $122,000 after buying an additional 230 shares in the last quarter. WealthTrust Arizona LLC raised its stake in shares of Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock worth $128,000 after buying an additional 84 shares in the last quarter. Finally, Barnett & Company Inc. bought a new stake in shares of Baidu during the first quarter worth $164,000. Hedge funds and other institutional investors own 63.26% of the company’s stock.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.