Baidu Inc. (BIDU) Received "Purchase" Rating from Jefferies Group

Marco Green
April 9, 2018

The technology company at the end of 2017Q4 was valued at $119.05 million. The stock decreased 2.33% or $2.15 during the last trading session, reaching $90.23. About 2.99 million shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 35.20% since April 8, 2017 and is downtrending. It has underperformed by 46.75% the S&P500. On Wednesday, February 14 the stock has "Outperform" rating by Daiwa Securities. BIDU reached $219.82 on during the last trading session after $5.75 change.Baidu, Inc. has volume of 1.74M shares. 1,833,402 shares of the stock traded hands.

KeyCorp began coverage on shares of Baidu (NASDAQ:BIDU) in a research note issued to investors on Thursday, Marketbeat reports. The stock outperformed the S&P 500 by 25.17%.

Analysts await Laredo Petroleum, Inc. They expect $0.25 EPS, up 150.00% or $0.15 from last year's $0.1 per share. MSFT's profit will be $6.54 billion for 26.54 P/E if the $0.85 EPS becomes a reality. It's down from 553,600 at the end of the previous reported quarter.

Investors sentiment decreased to 0.77 in Q4 2017.

Several hedge funds have recently added to or reduced their stakes in BIDU. Manufacturers Life Insurance Co The invested in 7,542 shares. California State Teachers Retirement Systems reported 257,209 shares. Ejf Capital Llc owns 740,000 shares or 5.14% of their U.S. portfolio. Huntington National Bank now owns 622 shares of the company's stock valued at $103,000 after buying an additional 172 shares during the period. State Of Alaska Department Of Revenue holds 11,600 shares. The active investment managers in our database reported: 139.03 million shares, down from 139.79 million shares in 2017Q3.

Among 9 analysts covering Baidu (NASDAQ:BIDU), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. (NASDAQ:BIDU) earned "Outperform" rating by Oppenheimer. BidaskClub downgraded shares of Baidu from a hold rating to a sell rating in a research report on Tuesday, January 23rd. It also upped Dowdupont Inc stake by 30,000 shares and now owns 37,692 shares. Finally, Nomura reissued a "neutral" rating and issued a $155.00 price objective on shares of Baidu in a research report on Tuesday, September 6th. Williams Capital Group maintained Laredo Petroleum, Inc. On Wednesday, February 14 the rating was maintained by Jefferies with "Hold". (NYSE:LPI) has "Sector Perform" rating given on Friday, August 14 by Howard Weil. The stock has "Underweight" rating by Barclays Capital on Tuesday, January 3. The stock has "Hold" rating by Zacks on Monday, August 10. On Monday, January 29 the rating was downgraded by Nomura to "Hold". Brean Capital reissued a "buy" rating and issued a $196.00 price objective (down from $197.00) on shares of Baidu in a research report on Friday, October 28th.

Capital Fund Management Sa operates about $3.92B and $18.14 billion US Long portfolio. Its stake in Paychex Inc (Put) (NASDAQ:PAYX) was rose by 49,100 shares to 59,900 shares valued at $4.08M in 2017Q4, according to the filing. For a total of 65,200 shares it increased its holding in Northrop Grumman Corp (Call) (NYSE:NOC) by 55,200 shares in the quarter, and has risen its stake in Paychex Inc (Call) (NASDAQ:PAYX).

Cornerstone Advisors Inc. increased its position in Baidu by 0.8% in the second quarter. Atria Investments LLC now owns 3,989 shares of the information services provider's stock valued at $934,000 after acquiring an additional 1,306 shares in the last quarter.

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