Baidu (NASDAQ:BIDU) Upgraded at Zacks Research

Zacks Research upgraded shares of Baidu (NASDAQ:BIDU) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Arete upgraded 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 Baidu from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Jefferies Financial Group raised their price objective on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday. Macquarie reiterated a “neutral” rating on shares of Baidu in a research report on Wednesday, May 21st. Finally, Arete Research upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $114.27.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $135.25 on Tuesday. The business has a 50 day moving average price of $95.08 and a 200 day moving average price of $90.44. Baidu has a twelve month low of $74.71 and a twelve month high of $138.00. The company has a market cap of $46.72 billion, a price-to-earnings ratio of 12.47 and a beta of 0.34. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Baidu

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new stake in Baidu during the 1st quarter valued at $29,000. Binnacle Investments Inc acquired a new stake in Baidu during the 2nd quarter valued at $29,000. Assetmark Inc. increased its holdings in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. UMB Bank n.a. increased its holdings in Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 179 shares in the last quarter. Finally, Winthrop Capital Management LLC acquired a new stake in Baidu during the 2nd quarter valued at $39,000.

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.