Daiwa Capital Markets Reiterates “Outperform” Rating for Baidu (NASDAQ:BIDU)

Daiwa Capital Markets reiterated their outperform rating on shares of Baidu (NASDAQ:BIDU) in a research report sent to investors on Tuesday morning, MarketBeat reports.

BIDU has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Baidu in a research note on Friday, January 24th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays boosted their price target on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Finally, Mizuho reduced their target price on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Baidu presently has an average rating of “Hold” and an average price target of $111.25.

Baidu Trading Up 1.8 %

Shares of NASDAQ BIDU opened at $89.65 on Tuesday. Baidu has a fifty-two week low of $77.19 and a fifty-two week high of $116.25. The firm has a market capitalization of $31.44 billion, a P/E ratio of 9.78, a P/E/G ratio of 2.07 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The company’s 50 day simple moving average is $87.09 and its 200 day simple moving average is $88.82.

Hedge Funds Weigh In On Baidu

A number of large investors have recently bought and sold shares of BIDU. Primecap Management Co. CA grew its position in Baidu by 1.5% in the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after purchasing an additional 176,150 shares in the last quarter. Dodge & Cox grew its holdings in Baidu by 0.4% during the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock worth $498,796,000 after purchasing an additional 22,000 shares during the period. Sanders Capital LLC raised its stake in Baidu by 0.7% in the third quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after buying an additional 18,334 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider’s stock worth $203,213,000 after acquiring an additional 207,966 shares during the period. Finally, Appaloosa LP raised its stake in Baidu by 7.2% in the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after acquiring an additional 102,909 shares during the period.

Baidu Company Profile

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.