Baidu (NASDAQ:BIDU) Rating Lowered to Neutral at Susquehanna

Baidu (NASDAQ:BIDU) was downgraded by equities researchers at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $85.00 price objective on the information services provider’s stock, down from their previous price objective of $105.00. Susquehanna’s price objective would suggest a potential upside of 1.78% from the company’s current price.

Several other equities research analysts also recently issued reports on BIDU. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Benchmark reduced their price target on shares of Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Barclays downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Baidu presently has a consensus rating of “Hold” and an average target price of $114.92.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $83.51 on Monday. The company has a market cap of $29.28 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.03 and a beta of 0.51. The business has a 50 day moving average price of $93.63 and a 200 day moving average price of $92.04. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a twelve month low of $78.95 and a twelve month high of $126.23.

Institutional Trading of Baidu

Several institutional investors have recently bought and sold shares of BIDU. Primecap Management Co. CA lifted its holdings in shares of Baidu by 17.2% during the second quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock valued at $1,033,238,000 after acquiring an additional 1,753,577 shares during the period. International Assets Investment Management LLC lifted its holdings in Baidu by 12,065.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock valued at $1,127,330,000 after purchasing an additional 1,061,893 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new position in Baidu in the third quarter valued at about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Baidu during the third quarter worth about $36,272,000. Finally, Hhlr Advisors LTD. acquired a new stake in shares of Baidu during the third quarter worth approximately $31,587,000.

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.