Baidu (NASDAQ:BIDU) Lowered to “Hold” Rating by StockNews.com

Baidu (NASDAQ:BIDU) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other equities analysts have also issued reports on the company. Bank of America decreased their price objective on Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Loop Capital lowered their price target on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $130.00 to $97.00 in a report on Friday, August 23rd. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Mizuho reduced their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Down 0.6 %

Baidu stock opened at $85.98 on Wednesday. Baidu has a 52-week low of $78.95 and a 52-week high of $120.25. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $30.15 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.14 and a beta of 0.46. The firm has a 50-day moving average price of $93.36 and a two-hundred day moving average price of $91.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Grove Bank & Trust grew its position in Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Baidu by 5.2% during the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. raised its position in Baidu by 9.0% during the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after buying an additional 171 shares during the period. Denver PWM LLC lifted its stake in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Finally, Intellectus Partners LLC grew its stake in Baidu by 1.5% during the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after acquiring an additional 250 shares in 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.