Vetr Inc. Downgrades Baidu, Inc. (BIDU) to Buy

Vetr downgraded shares of Baidu, Inc. (NASDAQ:BIDU) from a strong-buy rating to a buy rating in a report issued on Wednesday. They currently have $265.83 price target on the information services provider’s stock.

Several other research analysts also recently weighed in on the stock. Credit Suisse Group reiterated an outperform rating on shares of Baidu in a research report on Thursday, August 31st. Erste Group upgraded shares of Baidu from a sell rating to a hold rating in a research report on Monday, August 21st. Macquarie reiterated a top pick rating on shares of Baidu in a research report on Monday, August 28th. BidaskClub upgraded shares of Baidu from a buy rating to a strong-buy rating in a research report on Friday, August 4th. Finally, Sanford C. Bernstein reiterated an underperform rating and issued a $152.00 price target (down from $188.00) on shares of Baidu in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Baidu presently has an average rating of Buy and a consensus target price of $213.36.

Shares of Baidu (NASDAQ:BIDU) opened at 235.21 on Wednesday. The company has a market cap of $81.56 billion, a PE ratio of 43.37 and a beta of 1.98. Baidu has a 12-month low of $159.54 and a 12-month high of $239.16. The company has a 50 day moving average of $226.89 and a 200-day moving average of $192.20.

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A number of institutional investors and hedge funds have recently bought and sold shares of BIDU. Comerica Bank grew its stake in Baidu by 3.6% during the first quarter. Comerica Bank now owns 19,964 shares of the information services provider’s stock valued at $3,750,000 after acquiring an additional 691 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Baidu by 3.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,578,044 shares of the information services provider’s stock worth $617,284,000 after buying an additional 121,660 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Baidu in the 1st quarter worth $7,519,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Baidu by 2.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,373 shares of the information services provider’s stock worth $16,454,000 after buying an additional 1,989 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new position in shares of Baidu in the 1st quarter worth $73,348,000. 64.15% of the stock is owned by institutional investors.

About Baidu

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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