Baidu Inc (NASDAQ:BIDU)’s share price was up 5.1% during mid-day trading on Tuesday . The stock traded as high as $110.58 and last traded at $110.40, approximately 5,165,453 shares were traded during trading. An increase of 38% from the average daily volume of 3,748,174 shares. The stock had previously closed at $105.06.

A number of brokerages recently commented on BIDU. Deutsche Bank downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $147.00 target price for the company. in a research note on Friday, May 17th. Morgan Stanley set a $125.00 price target on Baidu and gave the company a “hold” rating in a research note on Tuesday, August 20th. Daiwa Capital Markets set a $108.00 price target on Baidu and gave the company a “hold” rating in a research note on Friday, August 30th. UBS Group reaffirmed a “hold” rating and set a $145.00 price target on shares of Baidu in a report on Friday, July 5th. Finally, BidaskClub cut Baidu from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $151.06.

The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market cap of $37.63 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 13.44 and a beta of 1.73. The stock has a 50-day moving average price of $104.47 and a 200 day moving average price of $134.05.

Baidu announced that its board has authorized a stock buyback plan on Thursday, May 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information services provider to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Baidu by 604.1% during 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 purchasing an additional 1,352,573 shares during the last quarter. Tweedy Browne Co LLC increased its position in 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 valued at $277,895,000 after acquiring an additional 930,874 shares during the period. Prudential PLC increased its position in Baidu by 44.5% in the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after acquiring an additional 681,970 shares during the period. BlackRock Inc. raised its stake in Baidu by 4.3% during the 1st quarter. BlackRock Inc. now owns 15,784,632 shares of the information services provider’s stock valued at $2,602,096,000 after acquiring an additional 653,684 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Baidu by 1,299.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock valued at $79,482,000 after acquiring an additional 628,859 shares during the last quarter. Institutional investors and hedge funds own 57.34% of the company’s stock.

Baidu Company Profile (NASDAQ:BIDU)

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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