Baidu (NASDAQ:BIDU) Upgraded at CLSA

CLSA upgraded shares of Baidu (NASDAQ:BIDU) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

BIDU has been the subject of a number of other reports. Zephirin Group began coverage on shares of Baidu in a report on Monday, September 15th. They issued a “sell” rating and a $92.00 target price for the company. Arete raised shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Tuesday, September 16th. Susquehanna boosted their target price on shares of Baidu from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Arete Research upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Tuesday, September 16th. Finally, Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.45.

Baidu Trading Up 5.9%

Baidu stock opened at $132.92 on Monday. The stock has a market cap of $45.92 billion, a P/E ratio of 12.25 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. Baidu has a 1 year low of $74.71 and a 1 year high of $141.60. The firm’s 50 day moving average price is $98.64 and its 200-day moving average price is $91.57.

Institutional Investors Weigh In On Baidu

Large investors have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in Baidu in the first quarter valued at approximately $29,000. Assetmark Inc. raised its stake in shares of Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after buying an additional 192 shares during the period. Binnacle Investments Inc acquired a new position in shares of Baidu during the 2nd quarter worth approximately $29,000. UMB Bank n.a. raised its stake in Baidu by 80.3% in the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 179 shares during the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in Baidu in the 2nd quarter valued at $39,000.

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.