Baidu, Inc. (BIDU) Upgraded to “Strong-Buy” by Vetr Inc.
Vetr upgraded shares of Baidu, Inc. (NASDAQ:BIDU) from a sell rating to a strong-buy rating in a report issued on Wednesday. Vetr currently has $265.83 price target on the information services provider’s stock.
A number of other equities analysts have also weighed in on BIDU. ValuEngine upgraded shares of Baidu from a sell rating to a hold rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Baidu from a hold rating to a sell rating in a research report on Friday, June 16th. Jefferies Group LLC restated a buy rating and set a $208.00 price target on shares of Baidu in a research report on Monday, June 19th. TheStreet lowered shares of Baidu from a b- rating to a c+ rating in a research report on Thursday, June 22nd. Finally, HSBC Holdings plc restated a buy rating and set a $223.00 price target on shares of Baidu in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $210.77.
Baidu (NASDAQ:BIDU) opened at 229.23 on Wednesday. Baidu has a one year low of $159.54 and a one year high of $235.00. The firm’s 50-day moving average price is $221.49 and its 200 day moving average price is $190.23. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 42.73 and a beta of 1.98.
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A number of institutional investors and hedge funds have recently made changes to their positions in BIDU. Grove Bank & Trust increased its position in shares of Baidu by 74.2% in the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 253 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Baidu in the 2nd quarter valued at $112,000. Harbour Capital Advisors LLC boosted its holdings in shares of Baidu by 17,786.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after buying an additional 20,810 shares in the last quarter. Aviance Capital Management LLC acquired a new position in shares of Baidu in the 2nd quarter valued at $124,000. Finally, Barnett & Company Inc. boosted its holdings in shares of Baidu by 10.3% in the 1st quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares in the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
To view Vetr’s full report, visit Vetr’s official website.
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