OTR Global Lowers Baidu (BIDU) to Positive

Baidu (NASDAQ:BIDU) was downgraded by research analysts at OTR Global to a “positive” rating in a report issued on Monday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a report on Monday, January 29th. Barclays raised their target price on Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Jefferies Group cut Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub cut Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $200.00 target price (down previously from $275.00) on shares of Baidu in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $239.75.

Baidu (NASDAQ BIDU) traded down $7.85 during trading on Monday, reaching $225.32. The company had a trading volume of 3,920,585 shares, compared to its average volume of 2,636,654. The company has a market capitalization of $80,960.00, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.86. Baidu has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.

A number of institutional investors have recently made changes to their positions in BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Baidu by 96.0% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after buying an additional 240 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Baidu in the 4th quarter valued at approximately $182,000. Intellectus Partners LLC acquired a new stake in Baidu in the 2nd quarter valued at approximately $185,000. Invictus RG acquired a new stake in Baidu in the 3rd quarter valued at approximately $193,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Baidu in the 2nd quarter valued at approximately $206,000. 63.94% of the stock is currently owned by institutional investors and hedge funds.

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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.