Baidu, Inc. (BIDU) Upgraded at Vetr Inc.
Baidu, Inc. (NASDAQ:BIDU) was upgraded by equities research analysts at Vetr from a “sell” rating to a “strong-buy” rating in a research note issued on Wednesday. The brokerage currently has a $265.83 target price on the information services provider’s stock. Vetr‘s target price suggests a potential upside of 15.97% from the company’s previous close.
A number of other analysts have also recently weighed in on BIDU. Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $241.00 in a report on Monday, July 31st. HSBC Holdings plc reissued a “buy” rating and set a $245.00 target price (up from $223.00) on shares of Baidu in a report on Tuesday, August 1st. TheStreet raised shares of Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. increased their target price on shares of Baidu from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Finally, BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. Baidu currently has a consensus rating of “Buy” and a consensus target price of $210.77.
Shares of Baidu (BIDU) traded down 1.69% on Wednesday, reaching $229.23. 1,833,594 shares of the company’s stock traded hands. The stock has a market capitalization of $62.64 billion, a PE ratio of 49.94 and a beta of 1.98. The company has a 50 day moving average of $221.49 and a 200-day moving average of $190.23. Baidu has a 52 week low of $159.54 and a 52 week high of $235.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Grove Bank & Trust boosted its holdings in shares of Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after buying an additional 253 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Baidu in the second quarter worth approximately $112,000. Aviance Capital Management LLC purchased a new stake in shares of Baidu in the second quarter worth approximately $124,000. Barnett & Company Inc. lifted its position in shares of Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock worth $138,000 after purchasing an additional 75 shares in the last quarter. Finally, Highstreet Asset Management Inc. purchased a new stake in shares of Baidu in the second quarter worth approximately $146,000. Institutional investors own 64.15% of the company’s stock.
Baidu Company Profile
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.
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