StockNews.com Downgrades Baidu (NASDAQ:BIDU) to Hold

StockNews.com downgraded shares of Baidu (NASDAQ:BIDU) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other equities analysts also recently issued reports on the stock. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Barclays lifted their price target on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research report on Tuesday. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday. Finally, Citigroup reduced their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Stock Up 1.7 %

NASDAQ:BIDU opened at $91.19 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The firm has a market cap of $31.97 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.02 and a beta of 0.46. The firm has a 50-day simple moving average of $87.08 and a two-hundred day simple moving average of $88.83. Baidu has a fifty-two week low of $77.19 and a fifty-two week high of $116.25.

Institutional Trading of Baidu

A number of large investors have recently made changes to their positions in the stock. Creative Planning lifted its stake in Baidu by 2.8% in the third quarter. Creative Planning now owns 49,440 shares of the information services provider’s stock worth $5,206,000 after acquiring an additional 1,362 shares during the period. Bleakley Financial Group LLC lifted its stake in Baidu by 51.3% in the third quarter. Bleakley Financial Group LLC now owns 4,038 shares of the information services provider’s stock worth $425,000 after acquiring an additional 1,369 shares during the period. Blue Trust Inc. lifted its position in shares of Baidu by 26.9% during the third quarter. Blue Trust Inc. now owns 2,636 shares of the information services provider’s stock valued at $278,000 after buying an additional 558 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after buying an additional 593 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Baidu by 24.4% during the third quarter. Private Advisor Group LLC now owns 5,526 shares of the information services provider’s stock valued at $582,000 after buying an additional 1,083 shares during the last quarter.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.