Baidu (NASDAQ:BIDU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Baidu (NASDAQ:BIDU) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

BIDU has been the topic of a number of other research reports. Benchmark boosted their price target on shares of Baidu from $115.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group lifted their target price on shares of Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Citigroup reaffirmed a “buy” rating on shares of Baidu in a research report on Monday, October 13th. Susquehanna lifted their price objective on Baidu from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Finally, Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.95.

Baidu Trading Up 7.4%

Shares of BIDU stock opened at $119.21 on Friday. Baidu has a 1-year low of $74.71 and a 1-year high of $149.51. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market cap of $41.18 billion, a price-to-earnings ratio of 10.99 and a beta of 0.43. The stock has a 50-day moving average of $126.63 and a 200-day moving average of $102.70.

Institutional Investors Weigh In On Baidu

A number of hedge funds have recently added to or reduced their stakes in BIDU. Liontrust Investment Partners LLP acquired a new position in shares of Baidu during the third quarter worth approximately $537,000. Sycomore Asset Management bought a new stake in Baidu during the 3rd quarter valued at $79,000. Ovata Capital Management Ltd acquired a new position in Baidu during the third quarter worth $685,000. WBI Investments LLC bought a new position in shares of Baidu in the third quarter valued at $443,000. Finally, Woodline Partners LP acquired a new position in shares of Baidu during the third quarter valued at about $3,686,000.

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.