Economy

The Baidu Inc (BIDU) Coverage Initiated by Analysts at Benchmark Co

Causeway Capital Management Llc acquired 154,836 shares as Baidu Inc (BIDU)'s stock rose 1.94%. The company has a market cap of $81.31 billion, a price-to-earnings ratio of 42.74 and a beta of 1.98. The stock was trading at a distance of 0.06% from its 52-week highs and stands 50.79% away from its 52-week lows. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 12.02% since September 26, 2016 and is uptrending. It has underperformed by 4.68% the S&P500. The value of the investment in Baidu, Inc. Moreover, Ejf Capital Llc has 0.41% invested in the company for 351,181 shares. The last closing price is down 24.40% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. About 215,186 shares traded. It is down 10.82% since September 26, 2016 and is uptrending. It has outperformed by 133.44% the S&P500.

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 39% are positive. Deutsche Bank AG restated a "hold" rating and set a $201.00 price target (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. As per Friday, July 28, the company rating was maintained by Oppenheimer. Pacific Crest downgraded the shares of BIDU in report on Tuesday, July 28 to "Sector Weight" rating. Erste Group raised shares of Baidu from a "sell" rating to a "hold" rating in a research note on Monday, August 21st. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned "Neutral" rating by JP Morgan on Monday, January 9. The firm earned "Underperform" rating on Tuesday, July 28 by Credit Agricole. The firm has "Buy" rating given on Thursday, January 28 by Stifel Nicolaus.

On July 31 the stock rating was upgraded to "Buy" from "Neutral" in an announcement from Nomura.

More notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Investorplace.com which released: "Baidu Inc (ADR) (BIDU) Stock Will Break Out and Boom Higher" on August 28, 2017, also Investorplace.com with their article: "How Baidu Inc (ADR) Stock Is Catching up to Its Chinese Counterparts" published on September 14, 2017, Investorplace.com published: "Weibo Corp (ADR) Stock is Red Hot, But Is It a Buy?" on September 22, 2017. DNI's SI was 15,200 shares in September as released by FINRA. (NYSE:PRO) to report earnings on November, 7. Seekingalpha.com's news article titled: "Chances Of Rain Highly Likely For J2 Global And Digital Media Industry Group" with publication date: September 02, 2017 was also an interesting one. The stock of J2 Global Inc (NASDAQ:JCOM) has "Mkt Perform" rating given on Wednesday, November 4 by FBR Capital. They issued an "underweight" rating and a $126.00 price objective for the company. BIDU's profit will be $779.24 million for 26.09 P/E if the $2.26 EPS becomes a reality. Analysts expect next quarter's EPS will be $1.98 with next year's EPS anticipated to be $8.98.

Trilogy Global Advisors Lp decreased Cognizant Technology Solutio (NASDAQ:CTSH) stake by 206,261 shares to 203,174 valued at $13.49M in 2017Q2. Df Dent & Company Inc reported 1.68% in PROS Holdings, Inc. On Tuesday, June 6 the insider KRETZMER W BRIAN sold $115,163.

Investors sentiment increased to 1.46 in Q2 2017. It is positive, as 8 investors sold PRO shares while 29 reduced holdings. 31 funds opened positions while 92 raised stakes. Susquehanna Grp Limited Liability Partnership holds 0% or 42,648 shares in its portfolio. Retirement Of Alabama reported 119,629 shares. However, the institutional investors are observed to own 86.10% of the total shares. There has been an observed change of 0.00% in the ownership of the shares in the past six months. Brave Asset Management reported 3.4% in J2 Global Inc (NASDAQ:JCOM).

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