Baidu Inc. (BIDU) Earns Buy Rating from Jefferies Group
A number of other research firms have also issued reports on BIDU. Deutsche Bank AG lowered shares of Baidu from a buy rating to a hold rating and lowered their target price for the company from $219.00 to $201.00 in a research note on Wednesday, September 28th. Vetr lowered shares of Baidu from a hold rating to a sell rating and set a $176.40 target price on the stock. in a research note on Tuesday, September 6th. Bank of America Corp. reiterated a sell rating on shares of Baidu in a research note on Friday, September 30th. Nomura reiterated a neutral rating and issued a $155.00 target price on shares of Baidu in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Baidu in a research note on Wednesday, August 31st. They issued an underweight rating and a $164.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $195.46.
Baidu (NASDAQ:BIDU) opened at 181.52 on Monday. The company has a market cap of $62.91 billion, a PE ratio of 13.36 and a beta of 2.17. The firm has a 50-day moving average of $182.27 and a 200 day moving average of $175.34. Baidu has a 52-week low of $139.61 and a 52-week high of $217.97.
A number of large investors have recently bought and sold shares of BIDU. Cornerstone Advisors Inc. boosted its stake in shares of Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock valued at $100,000 after buying an additional 5 shares in the last quarter. Huntington National Bank boosted its stake in shares of Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in shares of Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new stake in shares of Baidu during the first quarter valued at approximately $164,000. Hedge funds and other institutional investors own 63.21% 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.
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