Baidu (BIDU) Rating Increased to Buy at Zacks Investment Research

Marco Green
May 3, 2018

Indus Capital Partners Llc sold 51,815 shares as the company's stock declined 3.38% with the market. The hedge fund held 508,300 shares of the technology company at the end of 2017Q4, valued at $119.05 million, down from 553,600 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $86.97 billion market cap company. The stock decreased 0.50% or $1.16 during the last trading session, reaching $232.55. About 782,716 shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since May 3, 2017 and is uptrending. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 500,450 shares of the information services provider's stock worth $117,210,000 after purchasing an additional 318,310 shares during the period.

Murphy Capital Management Inc increased its stake in Becton Dickinson (BDX) by 28.02% based on its latest 2017Q4 regulatory filing with the SEC. Finally, Morgan Stanley upgraded shares of Baidu from an equal weight rating to an overweight rating and boosted their price objective for the stock from $225.60 to $280.00 in a research note on Wednesday, February 14th. The institutional investor held 9,938 shares of the health care company at the end of 2017Q4, valued at $2.13M, up from 7,763 at the end of the previous reported quarter. The stock increased 4.53% or $0.55 during the last trading session, reaching $12.7. Diageo plc (NYSE:DEO) has risen 14.00% since May 2, 2017 and is uptrending.

Investors sentiment decreased to 1.25 in Q4 2017. Its up 0.62, from 0.93 in 2017Q3. BMO Capital Markets maintained the shares of TBI in report on Friday, October 13 with "Hold" rating. (NASDAQ:HDP) for 44,500 shares. About 325,092 shares traded. Moreover, Blackrock Inc has 0% invested in Hortonworks, Inc. (NASDAQ:CHRS) for 24,000 shares. Perigon Wealth Mngmt Limited Liability Company owns 125 shares. Vigilant Cap Limited Liability Company, a Maine-based fund reported 521 shares. The New York-based New York State Common Retirement Fund has invested 0% in Coherus BioSciences, Inc. Atria Investments LLC now owns 5,425 shares of the information services provider's stock valued at $1,211,000 after purchasing an additional 1,436 shares during the period. American Interest Grp reported 25,838 shares. (NYSE:TBI). Reynders Mcveigh Mgmt invested in 9,000 shares. Alliancebernstein Ltd Partnership reported 28,720 shares.

Global Thematic Partners Llc cut its stake in T Mobile Us Inc (NYSE:TMUS) and reduced Fortinet Inc (NASDAQ:FTNT) position by 1.24M shares for a total of 140,838 shares. Therefore 52% are positive. The increase is 69.77% according to 2018Q1 Securities and Exchange regulatory form. The stock of Coherus BioSciences, Inc. (NASDAQ:BIDU) rating on Friday, April 29. The firm earned "Buy" rating on Monday, August 31 by Jefferies. On Tuesday, January 23 the firm has "Hold" rating given by Jefferies. On Monday, April 16 Barclays Capital maintained Baidu, Inc. (NASDAQ:BIDU) earned "Sector Weight" rating by KeyBanc Capital Markets on Tuesday, July 28. The rating was maintained by Cowen & Co with "Buy" on Monday, June 12. Credit Suisse maintained it with "Buy" rating and $17.0 target in Wednesday, September 27 report. As per Wednesday, September 28, the company rating was downgraded by Deutsche Bank.

Among 10 analysts covering Baidu (NASDAQ:BIDU), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 46% are positive. (NASDAQ:BIDU) has 12 ratings reports on 2 May 2018 according to StockzIntelligence. On Monday, October 30 the stock rating was maintained by JP Morgan with "Neutral". They set a buy rating and a $319.00 price objective for the company. The rating was initiated by Cantor Fitzgerald with "Underweight" on Monday, December 19. Finally, OppenheimerFunds Inc. increased its holdings in shares of Baidu by 8.8% during the 4th quarter. (NASDAQ:BIDU) on Friday, July 14 with "Sell" rating. (NASDAQ:BIDU) rating on Tuesday, October 31.

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