Baidu (NASDAQ:BIDU) Given "Outperform" Rating at Daiwa Capital Markets

Daiwa Capital Markets reissued their outperform rating on shares of Baidu (NASDAQ:BIDU - Free Report) in a research note published on Tuesday morning, MarketBeat Ratings reports.

A number of other equities analysts also recently issued reports on BIDU. Susquehanna downgraded Baidu from a "positive" rating to a "neutral" rating and cut their price target for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Baidu in a report on Friday, January 24th. Citigroup dropped their price objective on Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. JPMorgan Chase & Co. lowered shares of Baidu from an "overweight" rating to a "neutral" rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised shares of Baidu from a "hold" rating to a "buy" rating in a research report on Friday, December 27th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Baidu has an average rating of "Hold" and a consensus target price of $111.25.

Baidu Stock Up 1.7 %

BIDU traded up $1.54 during trading on Tuesday, hitting $91.19. 11,592,369 shares of the company's stock were exchanged, compared to its average volume of 5,391,228. Baidu has a fifty-two week low of $77.19 and a fifty-two week high of $116.25. The stock has a market cap of $31.97 billion, a P/E ratio of 9.94, a PEG ratio of 2.02 and a beta of 0.46. The business's 50 day moving average is $87.08 and its two-hundred day moving average is $88.83. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.

Institutional Trading of Baidu

Several hedge funds have recently made changes to their positions in BIDU. Creative Planning raised its stake in Baidu by 2.8% in the 3rd quarter. Creative Planning now owns 49,440 shares of the information services provider's stock valued at $5,206,000 after acquiring an additional 1,362 shares during the period. Bleakley Financial Group LLC boosted its stake in Baidu by 51.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,038 shares of the information services provider's stock worth $425,000 after purchasing an additional 1,369 shares during the period. Blue Trust Inc. grew its holdings in Baidu by 26.9% during the 3rd quarter. Blue Trust Inc. now owns 2,636 shares of the information services provider's stock valued at $278,000 after buying an additional 558 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock valued at $72,000 after buying an additional 593 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Baidu by 24.4% in the third quarter. Private Advisor Group LLC now owns 5,526 shares of the information services provider's stock worth $582,000 after buying an additional 1,083 shares in the last quarter.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.