New "Outperform" Rating Was Given to Baidu (NDAQ:BIDU)


Northern Trust Corp boosted its holdings in Baidu, Inc. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned "Sell" rating by Bernstein on Friday, July 14. After $2.02 actual EPS reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts 11.88% EPS growth. Marathon Asset Management LLP's holdings in Baidu were worth $82,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Finally, Franklin Resources Inc. raised its position in shares of Baidu by 7.4% in the 2nd quarter. Boston Private Wealth LLC raised its stake in shares of Baidu by 0.4% during the first quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider's stock worth $1,291,291,000 after purchasing an additional 498,060 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Baidu during the fourth quarter valued at about $167,000. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider's stock worth $854,000 after buying an additional 28 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Baidu by 3.5% during the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider's stock valued at $138,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company's stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and republished in violation of USA and global trademark and copyright legislation.

Wells Fargo revealed to clients and investors in an analyst report that it initiated coverage on Baidu (NDAQ:BIDU) stock, with "Outperform" rating and a $290.00 price target. As per Wednesday, October 7, the company rating was downgraded by Daiwa Securities.

Baidu shares ended the session up 1.4% to close at 239.82. Finally, Vetr downgraded shares of Baidu from a strong-buy rating to a buy rating and set a $265.83 price objective on the a research report on Wednesday, September 13th. HSBC Holdings plc reaffirmed a buy rating and set a $245.00 target price (up from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company's stock. Baidu has $305 highest and $180 lowest target. (NASDAQ BIDU) traded up 0.43% during midday trading on Thursday, reaching $240.85. About 426,832 shares traded. The company's 50-day moving average is $227.76 and its 200 day moving average is $193.39. Gateway Investment Advisers Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $83.16B market cap company.

According to Zacks, "Baidu, Inc., formerly, a Chinese-language Internet search provider and is based in Beijing, the People's Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd., a network of third-party Web sites and software applications".

Like this


29 September 2017
Which Analysts Are Watching Civeo Corp (NYSE:CVEO)?
To measure price-variation, we found CVEO's volatility during a week at 4.61% and during a month it has been found around 5.24%. SAR stands for stop and reverse and it is a trend following indicator, created to identify the turning point in price action.

29 September 2017
Bar notice to Dushyant Dave over CJI remarks
Misra, the Bar Council of India on Thursday issued a notice seeking his reply in four weeks. Dave said he hadn't got the notice.

29 September 2017
US Bancorp (USB) Downgraded by Instinet
Volume levels spiked and USB actually managed a breakout which translated to 7.51 million shares changing hands on the day. The Donaldson Capital Management Llc holds 371,444 shares with $19.29 million value, up from 354,067 last quarter.

29 September 2017
Ginsburg: No Doubt Sexism Played Part In Clinton's Loss to Trump
She reflected on Hillary Clinton's loss in the presidential election. "He died in 2010, but a great man who cooked everything", Rose said.

29 September 2017
Tigers sign son of Pedro Martinez to minor league deal
Dominican journalist Dionisio Soldevila reported that Martinez signed for $800,000 , plus a $300,000 scholarship. The elder Martinez won two Cy Young Awards with the Boston Red Sox and one with the Montreal Expos.

29 September 2017
Frances Bean Cobain Swimming in Nirvana Cash, $100k Per Month
Despite the fact that she has a huge income thanks to her father, she insists that her life isn't all about him and his influence.

29 September 2017
Ohio State vs. Rutgers
Rutgers CB Damon Hayes is expected to move from slot to the outside with Blessuan Austin out for the season with a knee injury . The No. 11 Buckeyes (3-1, 1-0 Big Ten) will travel to Piscataway , N.J., on Saturday for a game against Rutgers (1-3, 0-1).

29 September 2017
Extra officers in field for Packers, Bears game
Photos shared on Twitter show the players, as well as some fans in the stands, linking arms as the anthem played. This week, fans may have noticed there was no Instagram post from Rodgers for the game against the Bears.

29 September 2017
Bassett Furniture Industries, I (NASDAQ:BSET) Trading Volume Significantly Lower
This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. New York-based Goldman Sachs Grp Inc has invested 0% in Bassett Furniture Industries Inc. (NASDAQ:BSET) or 6,400 shares.

29 September 2017
Leak: "Honor 7X To Arrive In Two Models With A 5.93" Display
There's also likely to be a dual-camera setup in the rear as well, following in the trend of its parent company Huawei . On the front of the Honor 6X is an 8-megapixel camera with a 77-degree wide-angle lens and 1.25-micron pixels.