Baidu (NASDAQ:BIDU) Stock Rating Lowered by Nomura Securities

Baidu (NASDAQ:BIDU) was downgraded by equities researchers at Nomura Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Mizuho lifted their target price on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup reduced their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a research note on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Baidu in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Stock Performance

NASDAQ:BIDU opened at $89.65 on Wednesday. The company’s 50-day moving average price is $87.09 and its 200-day moving average price is $88.82. 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 company has a market cap of $31.44 billion, a P/E ratio of 9.78, a P/E/G ratio of 2.07 and a beta of 0.46. Baidu has a twelve month low of $77.19 and a twelve month high of $116.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rialto Wealth Management LLC acquired a new position in shares of Baidu in the fourth quarter valued at approximately $42,000. Sycomore Asset Management acquired a new position in shares of Baidu in the fourth quarter valued at approximately $51,000. GeoWealth Management LLC grew its holdings in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 308 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Baidu in the third quarter valued at approximately $72,000.

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.