Baidu (NASDAQ:BIDU) Receives New Coverage from Analysts at UBS Group

UBS Group began coverage on shares of Baidu (NASDAQ:BIDUGet Rating) in a research report sent to investors on Friday, The Fly reports. The brokerage issued a buy rating on the information services provider’s stock.

A number of other brokerages have also weighed in on BIDU. JPMorgan Chase & Co. raised Baidu from a neutral rating to an overweight rating and lifted their target price for the company from $160.00 to $200.00 in a research report on Wednesday, August 31st. Citigroup decreased their target price on Baidu from $223.00 to $204.00 and set a buy rating for the company in a research report on Wednesday, August 31st. Daiwa Capital Markets cut their price target on Baidu from $215.00 to $210.00 in a report on Tuesday, July 19th. Susquehanna Bancshares cut their price target on Baidu from $200.00 to $195.00 and set a positive rating on the stock in a report on Monday, September 12th. Finally, Barclays cut their price target on Baidu from $243.00 to $235.00 and set an overweight rating on the stock in a report on Friday, May 27th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu has an average rating of Moderate Buy and a consensus target price of $217.87.

Baidu Trading Down 2.8 %

Shares of NASDAQ BIDU opened at $123.69 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $138.83 and a two-hundred day simple moving average of $137.10. The firm has a market cap of $42.74 billion, a PE ratio of -21.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.66. Baidu has a twelve month low of $101.62 and a twelve month high of $182.60.

Institutional Trading of Baidu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. Principal Financial Group Inc. lifted its position in Baidu by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,403 shares of the information services provider’s stock worth $655,000 after acquiring an additional 402 shares during the period. Equitable Holdings Inc. lifted its position in Baidu by 31.0% during the 4th quarter. Equitable Holdings Inc. now owns 11,159 shares of the information services provider’s stock worth $1,660,000 after acquiring an additional 2,638 shares during the period. Public Employees Retirement Association of Colorado lifted its position in Baidu by 97.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,618 shares of the information services provider’s stock worth $241,000 after acquiring an additional 800 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Baidu by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 520,686 shares of the information services provider’s stock worth $77,473,000 after acquiring an additional 6,441 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Baidu by 10.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,877 shares of the information services provider’s stock valued at $428,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 26.55% of the company’s stock.

Baidu Company Profile

(Get Rating)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.

Further Reading

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