Baidu (NASDAQ:BIDU – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.
Other equities analysts also recently issued reports about the company. Barclays lowered their price target on Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Morgan Stanley increased their price objective on Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Susquehanna increased their price objective on Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Finally, Nomura increased their price objective on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and a consensus price target of $162.58.
View Our Latest Analysis on BIDU
Baidu Stock Performance
Institutional Investors Weigh In On Baidu
Several large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Baidu by 105.3% during the first quarter. Parallel Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $244,000 after purchasing an additional 1,121 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Baidu by 39.7% during the first quarter. NewEdge Advisors LLC now owns 47,855 shares of the information services provider’s stock worth $5,332,000 after purchasing an additional 13,598 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Baidu by 134.5% during the first quarter. Optiver Holding B.V. now owns 63,224 shares of the information services provider’s stock worth $6,740,000 after purchasing an additional 36,260 shares during the last quarter. Keel Point LLC raised its stake in shares of Baidu by 1.5% during the first quarter. Keel Point LLC now owns 5,215 shares of the information services provider’s stock worth $581,000 after purchasing an additional 78 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Baidu by 10.3% during the first quarter. Arkadios Wealth Advisors now owns 3,238 shares of the information services provider’s stock worth $361,000 after purchasing an additional 302 shares during 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.
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