Baidu (NASDAQ:BIDU) Upgraded at StockNews.com

StockNews.com upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a buy rating in a report released on Monday.

BIDU has been the subject of several other research reports. Macquarie cut Baidu from a strong-buy rating to a hold rating in a research note on Friday, May 17th. Benchmark reissued a buy rating and set a $180.00 target price on shares of Baidu in a research report on Friday, May 17th. Citigroup cut their price objective on shares of Baidu from $181.00 to $176.00 and set a buy rating on the stock in a report on Tuesday, April 9th. Morgan Stanley downgraded Baidu from an overweight rating to an equal weight rating and decreased their price target for the company from $140.00 to $125.00 in a research report on Friday, May 17th. Finally, HSBC lowered their price target on shares of Baidu from $157.00 to $145.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $156.64.

Baidu Stock Up 2.8 %

Shares of NASDAQ:BIDU opened at $100.67 on Monday. The company has a fifty day moving average of $97.99 and a 200-day moving average of $103.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.79 and a current ratio of 2.79. Baidu has a 52-week low of $85.08 and a 52-week high of $156.98. The company has a market capitalization of $35.30 billion, a PE ratio of 13.48 and a beta of 0.49.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BIDU. The Manufacturers Life Insurance Company boosted its stake in shares of Baidu by 8.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 255,182 shares of the information services provider’s stock valued at $34,284,000 after purchasing an additional 19,136 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Baidu by 12.8% during the third quarter. Deutsche Bank AG now owns 174,053 shares of the information services provider’s stock valued at $23,384,000 after acquiring an additional 19,814 shares in the last quarter. Phoenix Holdings Ltd. purchased a new stake in Baidu in the third quarter worth $1,347,000. Wesbanco Bank Inc. bought a new position in Baidu in the 3rd quarter worth $278,000. Finally, Headinvest LLC purchased a new stake in shares of Baidu in the 3rd quarter worth about $36,000.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.