Baidu (NASDAQ:BIDU) Raised to Hold at Zacks Research

Baidu (NASDAQ:BIDU) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Susquehanna lifted their price objective on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Nomura lifted their price objective on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings lowered Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, BNP Paribas Exane started coverage on Baidu in a research note on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Trading Down 3.5%

Shares of BIDU opened at $112.72 on Monday. The business has a 50-day moving average of $126.84 and a 200 day moving average of $129.89. Baidu has a fifty-two week low of $83.30 and a fifty-two week high of $165.30. The firm has a market cap of $38.35 billion, a P/E ratio of -939.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC bought a new position in Baidu in the 1st quarter worth about $25,000. Binnacle Investments Inc bought a new position in Baidu in the 2nd quarter worth about $29,000. Sankala Group LLC purchased a new stake in shares of Baidu in the 4th quarter valued at about $46,000. Ameritas Advisory Services LLC raised its holdings in shares of Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 372 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Baidu by 35.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 105 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.