Baidu (NASDAQ:BIDU) Downgraded by Nomura to “Neutral”

Nomura lowered shares of Baidu (NASDAQ:BIDU) from a buy rating to a neutral rating in a report published on Wednesday morning, MarketBeat Ratings reports.

BIDU has been the subject of a number of other research reports. Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Barclays lifted their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Finally, Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Baidu in a research report on Friday, January 24th. Twelve 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 an average rating of “Hold” and an average target price of $111.25.

Baidu Stock Performance

Shares of BIDU opened at $88.03 on Wednesday. The company has a market cap of $30.87 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.23 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $87.12 and a 200-day moving average price of $88.83. Baidu has a 12-month low of $77.19 and a 12-month high of $116.25.

Hedge Funds Weigh In On Baidu

A number of large investors have recently bought and sold shares of BIDU. Creative Planning increased its stake in Baidu by 2.8% in the 3rd quarter. Creative Planning now owns 49,440 shares of the information services provider’s stock worth $5,206,000 after purchasing an additional 1,362 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Baidu by 51.3% during the third quarter. Bleakley Financial Group LLC now owns 4,038 shares of the information services provider’s stock valued at $425,000 after buying an additional 1,369 shares during the period. Blue Trust Inc. increased its stake 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 period. Allspring Global Investments Holdings LLC increased its stake 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 period. Finally, Private Advisor Group LLC increased its stake 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 period.

About Baidu

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.