Baidu (NASDAQ:BIDU) Upgraded to Hold at Wall Street Zen

Baidu (NASDAQ:BIDU - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

BIDU has been the subject of a number of other research reports. Morgan Stanley cut their price target on Baidu from $150.00 to $135.00 and set an "equal weight" rating for the company in a research note on Friday, February 27th. Nomura dropped their target price on shares of Baidu from $196.00 to $186.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Zephirin Group lifted their target price on shares of Baidu from $88.00 to $89.00 and gave the stock a "sell" rating in a research report on Monday, March 2nd. Zacks Research cut shares of Baidu from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 16th. Finally, Benchmark reissued a "buy" rating on shares of Baidu in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.05.

Baidu Price Performance

BIDU stock opened at $141.05 on Friday. The company has a market capitalization of $47.99 billion, a P/E ratio of 88.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76. Baidu has a 52-week low of $81.17 and a 52-week high of $165.30. The business has a 50-day simple moving average of $119.96 and a two-hundred day simple moving average of $128.10.

Institutional Investors Weigh In On Baidu

Large investors have recently modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider's stock worth $45,000 after purchasing an additional 134 shares during the last quarter. Binnacle Investments Inc purchased a new stake in shares of Baidu during the 2nd quarter worth approximately $29,000. Sankala Group LLC purchased a new stake in shares of Baidu during the 4th quarter worth approximately $46,000. Ameritas Advisory Services LLC increased its stake in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider's stock worth $49,000 after purchasing an additional 372 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider's stock worth $53,000 after purchasing an additional 105 shares during the last quarter.

Baidu Company Profile

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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