Baidu (NASDAQ:BIDU) Downgraded to “Sell” Rating by Wall Street Zen

Baidu (NASDAQ:BIDUGet Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also commented on the company. Nomura dropped their target price on Baidu from $196.00 to $186.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a research note on Monday, December 29th. Zacks Research cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Morgan Stanley dropped their price target on Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Finally, Bank of America increased their price target on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.89.

Get Our Latest Analysis on Baidu

Baidu Stock Performance

NASDAQ BIDU opened at $119.05 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.91. Baidu has a 1-year low of $74.71 and a 1-year high of $165.30. The company has a market cap of $41.13 billion, a P/E ratio of 74.87 and a beta of 0.32. The stock has a 50-day moving average of $141.64 and a two-hundred day moving average of $127.12.

Institutional Investors Weigh In On Baidu

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Baidu during the first quarter worth about $334,000. Envestnet Asset Management Inc. boosted its position in Baidu by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,995 shares of the information services provider’s stock worth $943,000 after acquiring an additional 1,007 shares during the period. Assetmark Inc. boosted its position in Baidu by 127.6% during the 2nd quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock worth $64,000 after acquiring an additional 416 shares during the period. Savant Capital LLC acquired a new position in Baidu during the 2nd quarter valued at about $213,000. Finally, Penserra Capital Management LLC raised its holdings in Baidu by 20.7% during the second quarter. Penserra Capital Management LLC now owns 220,893 shares of the information services provider’s stock worth $18,943,000 after purchasing an additional 37,927 shares in the last quarter.

Trending Headlines about Baidu

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About Baidu

(Get Free Report)

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

Further Reading

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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