Baidu (NASDAQ:BIDU) Upgraded at StockNews.com

StockNews.com upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a buy rating in a research note issued to investors on Friday.

Several other analysts also recently weighed in on BIDU. Hsbc Global Res downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Dbs Bank cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. HSBC lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Tuesday, September 24th. Mizuho reduced their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Down 1.9 %

Baidu stock opened at $86.60 on Friday. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.19 and a beta of 0.46. The firm has a fifty day moving average price of $87.91 and a two-hundred day moving average price of $89.80. Baidu has a fifty-two week low of $78.95 and a fifty-two week high of $120.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

Hedge Funds Weigh In On Baidu

A number of hedge funds have recently modified their holdings of BIDU. B. Riley Wealth Advisors Inc. boosted its stake in shares of Baidu by 134.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock valued at $1,739,000 after purchasing an additional 9,415 shares in the last quarter. DGS Capital Management LLC lifted its holdings in Baidu by 23.5% during the 3rd quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock valued at $345,000 after purchasing an additional 624 shares during the last quarter. Denver PWM LLC grew its stake in Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Baidu during the third quarter worth approximately $72,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Baidu in the third quarter valued at approximately $653,000.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.