Baidu, Inc. (BIDU) Now Covered by Sanford C. Bernstein
Investment analysts at Sanford C. Bernstein assumed coverage on shares of Baidu, Inc. (NASDAQ:BIDU) in a report issued on Wednesday. The firm set an “underperform” rating and a $150.00 price target on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 15.53% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Macquarie cut Baidu from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $199.00 to $179.00 in a research report on Friday, October 28th. Deutsche Bank AG cut Baidu from a “buy” rating to a “hold” rating and cut their price objective for the stock from $219.00 to $201.00 in a research report on Wednesday, September 28th. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $194.90 price objective on the stock in a research report on Wednesday, October 26th. Brean Capital reissued a “buy” rating on shares of Baidu in a research report on Tuesday, October 4th. Finally, Jefferies Group reissued a “buy” rating and issued a $188.00 price objective on shares of Baidu in a research report on Monday, October 3rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $190.35.
Shares of Baidu (NASDAQ:BIDU) traded down 0.32% during trading on Wednesday, reaching $177.01. The company’s stock had a trading volume of 283,805 shares. The company has a market cap of $61.41 billion, a PE ratio of 13.41 and a beta of 1.91. Baidu has a 12-month low of $139.61 and a 12-month high of $201.00. The company has a 50 day moving average of $166.76 and a 200 day moving average of $171.12.
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A number of large investors have recently modified their holdings of the stock. 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. 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. Financial Architects Inc boosted its stake in shares of Baidu by 63.2% in the third quarter. Financial Architects Inc now owns 775 shares of the company’s stock valued at $141,000 after buying an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Baidu during the third quarter valued at $146,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of Baidu by 60.5% in the second quarter. Flow Traders U.S. LLC now owns 1,067 shares of the company’s stock valued at $176,000 after buying an additional 402 shares in the last quarter. Institutional investors own 62.31% 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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