Zephirin Group Begins Coverage on Baidu (NASDAQ:BIDU)

Equities researchers at Zephirin Group assumed coverage on shares of Baidu (NASDAQ:BIDU) in a research report issued on Monday,MarketScreener reports. The firm set a “sell” rating and a $92.00 price target on the information services provider’s stock. Zephirin Group’s price objective would indicate a potential downside of 25.68% from the company’s previous close.

BIDU has been the subject of a number of other reports. Arete raised Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Tuesday. Wall Street Zen downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Benchmark dropped their price objective on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Arete Research raised shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Tuesday. Finally, Citigroup increased their target price on Baidu from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.00.

Baidu Stock Up 7.8%

NASDAQ:BIDU opened at $123.79 on Monday. The stock has a market cap of $42.76 billion, a price-to-earnings ratio of 11.41 and a beta of 0.34. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $93.16 and a two-hundred day moving average price of $89.76. Baidu has a 1 year low of $74.71 and a 1 year high of $124.79.

Hedge Funds Weigh In On Baidu

A number of large investors have recently modified their holdings of BIDU. Creekmur Asset Management LLC bought a new position in Baidu in the first quarter valued at approximately $29,000. Assetmark Inc. grew its stake in shares of Baidu by 143.3% in the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after buying an additional 192 shares in the last quarter. Binnacle Investments Inc acquired a new position in Baidu during the second quarter worth $29,000. UMB Bank n.a. raised its position in Baidu by 80.3% during the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Winthrop Capital Management LLC acquired a new stake in Baidu in the second quarter valued at $39,000.

Baidu Company Profile

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.