BidaskClub Downgrades Baidu (NASDAQ:BIDU) to Sell

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BidaskClub cut shares of Baidu (NASDAQ:BIDU) from a hold rating to a sell rating in a report issued on Saturday morning, BidAskClub reports.

A number of other equities analysts also recently commented on BIDU. Daiwa Capital Markets raised shares of Baidu from a hold rating to an outperform rating and lifted their price objective for the stock from $105.00 to $124.00 in a report on Friday, November 8th. Jefferies Financial Group set a $133.00 target price on shares of Baidu and gave the company a buy rating in a report on Friday, October 18th. Morgan Stanley raised Baidu from an equal weight rating to an overweight rating in a research note on Thursday, November 7th. Sanford C. Bernstein raised Baidu from a market perform rating to an outperform rating and boosted their price target for the company from $118.00 to $139.00 in a research note on Friday, November 8th. Finally, Zacks Investment Research downgraded shares of Baidu from a strong-buy rating to a hold rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $147.75.

Shares of BIDU stock traded up $0.12 on Friday, hitting $139.61. 4,145,679 shares of the stock traded hands, compared to its average volume of 3,702,769. The company’s fifty day moving average is $127.43 and its 200 day moving average is $113.04. Baidu has a 1-year low of $93.39 and a 1-year high of $186.22. The company has a market capitalization of $48.73 billion, a PE ratio of -155.12, a PEG ratio of 10.41 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.59 and a quick ratio of 2.59.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Baidu by 0.9% during the second quarter. Vanguard Group Inc. now owns 10,111,996 shares of the information services provider’s stock worth $1,186,744,000 after acquiring an additional 89,489 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Baidu by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,078,061 shares of the information services provider’s stock worth $419,062,000 after buying an additional 367,011 shares during the period. Prudential PLC increased its holdings in Baidu by 44.5% in the second quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after buying an additional 681,970 shares in the last quarter. Morgan Stanley increased its holdings in Baidu by 22.5% in the second quarter. Morgan Stanley now owns 2,031,574 shares of the information services provider’s stock valued at $238,427,000 after buying an additional 373,165 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in shares of Baidu by 16.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,955,119 shares of the information services provider’s stock valued at $200,908,000 after acquiring an additional 280,904 shares during the period. 52.15% of the stock is currently owned by institutional investors and hedge funds.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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