Baidu (NASDAQ:BIDU) Cut to Hold at StockNews.com

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

A number of other brokerages have also issued reports on BIDU. Nomura lowered shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday. Barclays increased their price objective on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research note on Tuesday. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Trading Up 1.7 %

Shares of NASDAQ:BIDU opened at $91.19 on Wednesday. The company’s 50-day moving average price is $87.08 and its two-hundred day moving average price is $88.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu has a one year low of $77.19 and a one year high of $116.25. The stock has a market capitalization of $31.97 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BIDU. International Assets Investment Management LLC increased its stake in shares of Baidu by 12,065.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after acquiring an additional 1,061,893 shares in the last quarter. RPD Fund Management LLC bought a new position in shares of Baidu in the 4th quarter worth about $72,245,000. FIL Ltd increased its stake in shares of Baidu by 367.1% in the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider’s stock worth $50,579,000 after acquiring an additional 471,497 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new position in shares of Baidu in the 3rd quarter worth about $42,748,000. Finally, Cantor Fitzgerald L. P. increased its stake in shares of Baidu by 1,510.9% in the 4th quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider’s stock worth $33,722,000 after acquiring an additional 375,145 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.