Baidu (NASDAQ:BIDU) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Baidu (NASDAQ:BIDUFree Report) in a research report released on Wednesday morning, Marketbeat reports. The firm issued an outperform rating and a $161.00 price objective on the information services provider’s stock.

Several other analysts have also recently weighed in on BIDU. Susquehanna lifted their price target on shares of Baidu from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Barclays dropped their target price on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Zephirin Group boosted their price target on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Nomura lowered their price objective on shares of Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Baidu currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.05.

View Our Latest Research Report on Baidu

Baidu Price Performance

BIDU opened at $111.90 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $38.66 billion, a PE ratio of 70.38 and a beta of 0.44. The stock’s 50 day moving average price is $131.59 and its 200-day moving average price is $129.79. Baidu has a 52-week low of $74.71 and a 52-week high of $165.30.

Institutional Trading of Baidu

A number of hedge funds have recently modified their holdings of BIDU. Morgan Stanley increased its stake in shares of Baidu by 38.0% in the 4th quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider’s stock worth $354,014,000 after acquiring an additional 745,588 shares in the last quarter. RPD Fund Management LLC lifted its position in Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock valued at $107,959,000 after acquiring an additional 777,570 shares during the period. Schroder Investment Management Group bought a new stake in Baidu during the third quarter worth about $165,334,000. Capital World Investors grew its holdings in Baidu by 21.0% in the fourth quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock worth $154,552,000 after purchasing an additional 205,040 shares during the period. Finally, ARK Investment Management LLC grew its holdings in Baidu by 127.8% in the fourth quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider’s stock worth $151,288,000 after purchasing an additional 649,490 shares during the period.

More Baidu News

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About Baidu

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Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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