Baidu (BIDU) – Analysts’ Weekly Ratings Changes

Baidu (NASDAQ: BIDU) has recently received a number of price target changes and ratings updates:

  • 10/25/2019 – Baidu had its price target raised by analysts at Barclays PLC from $135.00 to $140.00. They now have an “equal weight” rating on the stock.
  • 10/24/2019 – Baidu was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 10/21/2019 – Baidu had its price target lowered by analysts at KeyCorp from $152.00 to $149.00. They now have an “overweight” rating on the stock.
  • 10/18/2019 – Baidu was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 10/18/2019 – Baidu was given a new $133.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 10/17/2019 – Baidu was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 9/26/2019 – Baidu was given a new $135.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 9/20/2019 – Baidu was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/12/2019 – Baidu was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/5/2019 – Baidu was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Baidu stock opened at $101.85 on Friday. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $206.25. The business has a 50-day moving average of $104.57 and a two-hundred day moving average of $117.97. The company has a market capitalization of $35.95 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 15.37 and a beta of 1.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 2.61.

Several institutional investors have recently made changes to their positions in BIDU. Wetherby Asset Management Inc. boosted its position in Baidu by 35.9% during the third quarter. Wetherby Asset Management Inc. now owns 3,950 shares of the information services provider’s stock valued at $406,000 after purchasing an additional 1,043 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in Baidu during the third quarter valued at approximately $1,557,000. CAPROCK Group Inc. acquired a new position in Baidu during the third quarter valued at approximately $334,000. Oppenheimer & Co. Inc. boosted its position in Baidu by 22.6% during the third quarter. Oppenheimer & Co. Inc. now owns 13,913 shares of the information services provider’s stock valued at $1,430,000 after purchasing an additional 2,568 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Baidu by 152.3% during the third quarter. California Public Employees Retirement System now owns 527,830 shares of the information services provider’s stock valued at $54,240,000 after purchasing an additional 318,582 shares during the last quarter. Institutional investors own 56.51% of the company’s stock.

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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