BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Vetr cut shares of Baidu from a strong-buy rating to a buy rating and set a $265.83 target price on the stock. in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Baidu from a hold rating to a buy rating and set a $265.00 target price on the stock in a report on Wednesday, September 27th. reiterated a buy rating and set a $282.00 price target (up previously from $245.00) on shares of Baidu in a research note on Wednesday, September 27th. Bank of America reiterated a buy rating and set a $263.00 price target on shares of Baidu in a research note on Monday, September 18th. Finally, UBS Group upgraded shares of Baidu from a hold rating to a buy rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $234.77.

Shares of Baidu (NASDAQ:BIDU) traded up $2.82 during mid-day trading on Thursday, reaching $253.04. Baidu has a 52 week low of $166.00 and a 52 week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market cap of $87,860.00, a P/E ratio of 35.84, a P/E/G ratio of 1.53 and a beta of 1.89.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KCS Wealth Advisory bought a new stake in Baidu in the 4th quarter valued at $737,000. DnB Asset Management AS increased its holdings in Baidu by 18.1% in the 4th quarter. DnB Asset Management AS now owns 360,522 shares of the information services provider’s stock valued at $84,438,000 after acquiring an additional 55,267 shares during the last quarter. Prudential Financial Inc. increased its holdings in Baidu by 37.0% in the 3rd quarter. Prudential Financial Inc. now owns 215,617 shares of the information services provider’s stock valued at $53,406,000 after acquiring an additional 58,230 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in Baidu in the 3rd quarter valued at $2,033,000. Finally, AustralianSuper Pty Ltd bought a new stake in Baidu in the 3rd quarter valued at $13,276,000. Institutional investors own 63.94% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Baidu (BIDU) Upgraded to “Hold” by BidaskClub” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/15/baidu-bidu-upgraded-to-hold-by-bidaskclub.html.

About Baidu

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.