Baidu (NASDAQ:BIDU) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

BIDU has been the topic of several other reports. OTR Global upgraded Baidu to a “positive” rating in a research note on Wednesday, October 25th. Barclays set a $250.00 target price on Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group boosted their target price on Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Bank of America restated a “buy” rating and issued a $301.00 target price on shares of Baidu in a research note on Sunday, November 19th. Finally, Zacks Investment Research lowered Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Baidu has an average rating of “Buy” and a consensus target price of $245.01.

Shares of Baidu (NASDAQ BIDU) opened at $235.89 on Thursday. The stock has a market capitalization of $81,910.00, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu has a one year low of $166.00 and a one year high of $274.97.

A number of institutional investors have recently bought and sold shares of BIDU. Trustcore Financial Services LLC purchased a new position in Baidu during the fourth quarter worth about $109,000. Whittier Trust Co. grew its position in Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after buying an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after buying an additional 240 shares in the last quarter. Virtue Capital Management LLC purchased a new position in Baidu during the fourth quarter worth about $155,000. Finally, Calton & Associates Inc. purchased a new position in Baidu during the fourth quarter worth about $182,000. Institutional investors and hedge funds own 63.73% of the company’s stock.

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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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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