Baidu (NASDAQ:BIDU) Trading Up 5% - Should You Buy?

Baidu, Inc. (NASDAQ:BIDU - Get Free Report)'s share price rose 5% on Monday . The company traded as high as $89.68 and last traded at $90.69. Approximately 894,200 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,088,040 shares. The stock had previously closed at $86.35.

Analyst Upgrades and Downgrades

BIDU has been the topic of a number of research analyst reports. Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Benchmark cut their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Citigroup cut their price objective on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Barclays set a $84.00 price objective on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $107.82.

Baidu Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $30.61 billion, a P/E ratio of 8.79 and a beta of 0.33. The company has a fifty day moving average of $86.78 and a two-hundred day moving average of $87.66.

Institutional Trading of Baidu

Several hedge funds and other institutional investors have recently bought and sold shares of BIDU. Mirae Asset Global Investments Co. Ltd. boosted its stake in Baidu by 1,377.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock valued at $490,035,000 after acquiring an additional 4,964,350 shares during the period. RPD Fund Management LLC acquired a new position in shares of Baidu during the fourth quarter worth approximately $72,245,000. Massachusetts Financial Services Co. MA boosted its position in shares of Baidu by 319.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider's stock worth $74,298,000 after buying an additional 615,061 shares during the period. FIL Ltd boosted its position in shares of Baidu by 367.1% during the fourth quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after buying an additional 471,497 shares during the period. Finally, Cantor Fitzgerald L. P. boosted its position in shares of Baidu by 1,510.9% during the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock worth $33,722,000 after buying an additional 375,145 shares during the period.

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.