Baidu (NASDAQ:BIDU) Raised to Hold at Wall Street Zen

Baidu (NASDAQ:BIDU) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also issued reports about the company. UBS Group restated a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. Susquehanna boosted their target price on Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Nomura boosted their target price on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Benchmark restated a “buy” rating and issued a $215.00 target price on shares of Baidu in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

Baidu Stock Performance

Shares of Baidu stock opened at $127.79 on Monday. The business’s fifty day simple moving average is $123.40 and its 200 day simple moving average is $129.35. The firm has a market capitalization of $43.48 billion, a P/E ratio of -1,064.83, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. Baidu has a 12 month low of $81.17 and a 12 month high of $165.30. The company has a current ratio of 1.85, a quick ratio of 1.76 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On Baidu

Several hedge funds have recently made changes to their positions in BIDU. Signature Equity Partners LLC purchased a new position in shares of Baidu in the first quarter valued at $25,000. Binnacle Investments Inc purchased a new position in shares of Baidu in the second quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 134 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Baidu in the fourth quarter valued at $46,000. Finally, Ameritas Advisory Services LLC grew its position in shares of Baidu by 12,400.0% in the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares in the last quarter.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.