Baidu (NASDAQ:BIDU) Rating Increased to Buy at StockNews.com

Defense World · Nov 26, 2022 14:11

Baidu (NASDAQ:BIDU – Get Rating) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

A number of other research firms also recently issued reports on BIDU. JPMorgan Chase & Co. upgraded shares of Baidu from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $160.00 to $200.00 in a research report on Wednesday, August 31st. Jefferies Financial Group cut their target price on shares of Baidu from $236.00 to $217.00 in a report on Thursday, October 13th. Susquehanna decreased their target price on Baidu from $200.00 to $195.00 and set a "positive" rating for the company in a research note on Monday, September 12th. Macquarie started coverage on Baidu in a research report on Tuesday, August 23rd. They set an "outperform" rating and a $188.00 price target on the stock. Finally, Susquehanna Bancshares reduced their price objective on Baidu from $200.00 to $195.00 and set a "positive" rating for the company in a research report on Monday, September 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Baidu presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.88.

Get Baidu alerts:

Baidu Stock Performance

Shares of BIDU opened at $93.36 on Thursday. The stock has a market capitalization of $32.26 billion, a PE ratio of 57.28, a price-to-earnings-growth ratio of 0.73 and a beta of 0.56. The business's fifty day moving average price is $100.99 and its 200 day moving average price is $125.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. Baidu has a 12-month low of $73.58 and a 12-month high of $171.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. ARGA Investment Management LP lifted its holdings in Baidu by 57.4% in the first quarter. ARGA Investment Management LP now owns 2,653,659 shares of the information services provider's stock worth $351,079,000 after purchasing an additional 968,082 shares during the period. Renaissance Technologies LLC raised its position in shares of Baidu by 211.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,277,899 shares of the information services provider's stock worth $190,062,000 after buying an additional 867,999 shares in the last quarter. Axiom Investors LLC DE raised its position in shares of Baidu by 81.3% during the 3rd quarter. Axiom Investors LLC DE now owns 1,481,563 shares of the information services provider's stock worth $174,069,000 after buying an additional 664,373 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in shares of Baidu by 36.0% in the 1st quarter. E Fund Management Co. Ltd. now owns 2,111,104 shares of the information services provider's stock worth $279,420,000 after acquiring an additional 559,213 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in shares of Baidu in the third quarter valued at approximately $59,785,000. Institutional investors own 26.55% of the company's stock.

Baidu Company Profile

(Get Rating)

Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

Baidu (NASDAQ:BIDU) Rating Increased to Buy at StockNews.com

Baidu Stock Performance

Institutional Inflows and Outflows

Baidu Company Profile

See Also

Risk Disclaimer