StockNews.com upgraded shares of Baidu (NASDAQ:BIDU – Free Report) from a hold rating to a buy rating in a research note released on Thursday.
BIDU has been the topic of several other research reports. Barclays dropped their price target on Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. HSBC downgraded Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Tuesday, September 24th. Benchmark dropped their price target on Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Loop Capital reduced their price objective on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, Jefferies Financial Group decreased their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and an average price target of $128.36.
Read Our Latest Stock Report on Baidu
Baidu Stock Performance
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of BIDU. Guinness Asset Management LTD grew its stake in shares of Baidu by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after buying an additional 100 shares in the last quarter. Grove Bank & Trust grew its position in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after acquiring an additional 130 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Baidu by 3.8% during the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Baidu by 9.0% during the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after purchasing an additional 171 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Baidu by 8.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 196 shares during 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.
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