BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a strong sell rating to a sell rating in a report published on Thursday, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. UBS Group reiterated a hold rating and set a $145.00 price target on shares of Baidu in a report on Friday, July 5th. ValuEngine upgraded shares of Baidu from a sell rating to a hold rating in a report on Thursday, August 1st. Loop Capital began coverage on shares of Baidu in a research note on Monday, June 3rd. They set a hold rating and a $125.00 target price for the company. HSBC lifted their target price on shares of Baidu from $137.00 to $141.00 and gave the stock a buy rating in a research note on Wednesday, August 21st. Finally, CLSA set a $138.00 target price on shares of Baidu and gave the stock a buy rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. Baidu presently has a consensus rating of Hold and an average target price of $151.06.

Shares of NASDAQ:BIDU traded down $0.96 during mid-day trading on Thursday, reaching $110.54. 2,982,426 shares of the company’s stock were exchanged, compared to its average volume of 3,752,244. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 14.47 and a beta of 1.73. The business’s fifty day moving average price is $104.41 and its 200-day moving average price is $133.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. Baidu has a twelve month low of $93.39 and a twelve month high of $234.88.

Baidu declared that its Board of Directors has authorized a share repurchase program on Thursday, May 16th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information services provider to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of BIDU. Comerica Securities Inc. increased its stake in Baidu by 20.6% in the fourth quarter. Comerica Securities Inc. now owns 2,888 shares of the information services provider’s stock valued at $458,000 after purchasing an additional 493 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Baidu by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 628,173 shares of the information services provider’s stock valued at $99,782,000 after purchasing an additional 12,720 shares in the last quarter. Comerica Bank increased its stake in Baidu by 15.1% in the first quarter. Comerica Bank now owns 26,224 shares of the information services provider’s stock valued at $4,643,000 after purchasing an additional 3,448 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in Baidu by 22.8% in the first quarter. First Allied Advisory Services Inc. now owns 7,992 shares of the information services provider’s stock valued at $1,309,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in Baidu by 9.1% in the first quarter. Cetera Advisor Networks LLC now owns 2,896 shares of the information services provider’s stock valued at $474,000 after purchasing an additional 242 shares in the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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