Baidu (NASDAQ:BIDU) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Baidu (NASDAQ:BIDU) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, Briefing.com Automated Import reports.

A number of other research analysts have also recently weighed in on BIDU. ValuEngine upgraded shares of Baidu from a sell rating to a hold rating in a research note on Thursday, August 1st. KeyCorp lowered their target price on shares of Baidu from $152.00 to $149.00 and set an overweight rating on the stock in a research note on Monday, October 21st. Nomura reduced their price target on shares of Baidu from $134.00 to $118.00 and set a neutral rating on the stock in a report on Wednesday, August 21st. Daiwa Capital Markets set a $108.00 price target on shares of Baidu and gave the company a hold rating in a report on Friday, August 30th. Finally, HSBC lifted their price target on shares of Baidu from $137.00 to $141.00 and gave the company a buy rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Baidu has an average rating of Hold and a consensus price target of $148.60.

BIDU stock traded up $2.69 on Thursday, hitting $124.56. The company had a trading volume of 10,230,300 shares, compared to its average volume of 3,773,880. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu has a 12-month low of $93.39 and a 12-month high of $196.00. The stock’s 50-day simple moving average is $104.66 and its 200 day simple moving average is $115.54. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 16.14 and a beta of 1.72.

A number of hedge funds and other institutional investors have recently made changes to their positions in BIDU. SG Americas Securities LLC increased its holdings in shares of Baidu by 604.1% in the 2nd quarter. SG Americas Securities LLC now owns 1,576,463 shares of the information services provider’s stock worth $185,014,000 after buying an additional 1,352,573 shares during the last quarter. Tweedy Browne Co LLC increased its holdings in shares of Baidu by 64.8% in the 2nd quarter. Tweedy Browne Co LLC now owns 2,367,889 shares of the information services provider’s stock worth $277,895,000 after buying an additional 930,874 shares during the last quarter. Prudential PLC increased its holdings in shares of Baidu by 44.5% in the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock worth $259,933,000 after buying an additional 681,970 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Baidu by 1,299.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock worth $79,482,000 after buying an additional 628,859 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Baidu by 67.6% in the 2nd quarter. Bank of Montreal Can now owns 1,328,677 shares of the information services provider’s stock worth $155,933,000 after buying an additional 535,992 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

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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