Baidu (NASDAQ:BIDU) Downgraded by StockNews.com

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of Baidu from an overweight rating to an equal weight rating and reduced their price target for the stock from $140.00 to $125.00 in a research report on Friday, May 17th. Jefferies Financial Group reduced their target price on shares of Baidu from $179.00 to $174.00 and set a buy rating on the stock in a report on Monday. Macquarie downgraded shares of Baidu from a strong-buy rating to a hold rating in a research note on Friday, May 17th. Benchmark reaffirmed a buy rating and set a $180.00 price objective on shares of Baidu in a research report on Friday, May 17th. Finally, HSBC decreased their target price on Baidu from $157.00 to $145.00 and set a buy rating for the company in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $149.60.

Baidu Price Performance

BIDU opened at $90.90 on Tuesday. The stock’s 50-day moving average price is $96.19 and its 200 day moving average price is $102.43. Baidu has a 12-month low of $85.08 and a 12-month high of $156.98. The firm has a market cap of $31.87 billion, a price-to-earnings ratio of 12.17 and a beta of 0.49. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On Baidu

Several large investors have recently modified their holdings of BIDU. Crossmark Global Holdings Inc. boosted its stake in Baidu by 0.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after purchasing an additional 99 shares during the period. Guinness Asset Management LTD raised its holdings in shares of Baidu by 4.4% in the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after buying an additional 100 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Baidu by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after buying an additional 110 shares during the period. Beacon Financial Group grew its holdings in shares of Baidu by 7.2% during the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock worth $226,000 after buying an additional 128 shares during the last quarter. Finally, Ignite Planners LLC increased its position in Baidu by 3.8% in the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after acquiring an additional 139 shares during the period.

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.