Bank of America Reaffirms "Buy" Rating for Baidu (NASDAQ:BIDU)

Altrinsic Global Advisors Llc bought 126,167 shares as the company's stock rose 1.94% with the market. The institutional investor held 1.22 million shares of the technology company at the end of 2017Q2, valued at $218.49M, up from 1.20M at the end of the previous reported quarter. Oppenheimer Asset Management Inc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $79.48B market cap company. The stock decreased 2.30% or $5.41 during the last trading session, reaching $229.66.

Shares of Baidu Inc (NASDAQ BIDU) traded up 0.62% during midday trading on Thursday, reaching $187.26.

Media stories about Baidu (NASDAQ:BIDU) have trended somewhat positive this week, Accern Sentiment reports. It has underperformed by 4.68% the S&P500.

Trilogy Global Advisors Lp, which manages about $14.31 billion and $2.98 billion US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 66,077 shares to 833,727 shares, valued at $76.20 million in 2017Q2, according to the filing. It also reduced its holding in Aon Plc (NYSE:AON) by 262,255 shares in the quarter, leaving it with 1.27M shares, and cut its stake in Kinross Gold Corp (NYSE:KGC). ETRADE Capital Management LLC's holdings in Baidu were worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. (NASDAQ:BIDU) were released by: Investorplace.com and their article: "Baidu Inc (ADR) Is Likely to Falter Before it Flies (Again)" published on November 15, 2017 as well as Investorplace.com's news article titled: "Baidu Inc (ADR) Is a Buy While Everyone Is Selling" with publication date: November 06, 2017. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Therefore 38% are positive. The stock has an average rating of "Buy" and a consensus price target of $236.36. Baidu had 55 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays set a $240.00 price objective on Baidu and gave the stock a "hold" rating in a research report on Monday, October 30th. Credit Suisse Group reissued an "outperform" rating on shares of Baidu in a research report on Thursday, August 31st. Vetr raised Baidu from a "buy" rating to a "strong-buy" rating and set a $265.83 target price on the stock in a research report on Tuesday, September 26th. JP Morgan upgraded the stock to "Neutral" rating in Monday, January 9 report. The firm has "Buy" rating by TH Capital given on Tuesday, October 27. As per Tuesday, June 7, the company rating was maintained by Panmure Gordon. The company was upgraded on Friday, July 28 by Macquarie Research. (NASDAQ:BIDU) on Monday, December 19 with "Underweight" rating. Baidu Inc has a 12-month low of $162.02 and a 12-month high of $274.97. (NASDAQ:JD) earned "Neutral" rating by M Partners on Tuesday, September 20. The firm has "Buy" rating by Numis Securities given on Thursday, November 3.

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