Baidu (NASDAQ:BIDU) Stock Rating Upgraded by Wall Street Zen

Baidu (NASDAQ:BIDU) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Baidu in a research note on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of Baidu in a research report on Tuesday, January 13th. Morgan Stanley dropped their price objective on shares of Baidu from $150.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Finally, China Renaissance upgraded shares of Baidu from a “hold” rating to a “buy” rating and raised their target price for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.05.

Baidu Price Performance

Shares of BIDU stock opened at $110.96 on Friday. The business has a fifty day simple moving average of $129.54 and a 200 day simple moving average of $129.62. The company has a market cap of $37.75 billion, a P/E ratio of 69.79 and a beta of 0.44. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Baidu has a twelve month low of $74.71 and a twelve month high of $165.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in shares of Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares during the period. Binnacle Investments Inc bought a new stake in Baidu in the second quarter valued at approximately $29,000. Sankala Group LLC bought a new stake in Baidu in the fourth quarter valued at approximately $46,000. Ameritas Advisory Services LLC increased its position in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 105 shares during the period.

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.