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

Baidu (NASDAQ:BIDU) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts have also weighed in on BIDU. Benchmark reaffirmed a “buy” rating on shares of Baidu in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Thursday, November 6th. Zacks Research raised Baidu from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Susquehanna restated a “neutral” rating and issued a $110.00 price objective on shares of Baidu in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and an average target price of $155.78.

Baidu Trading Down 2.7%

Shares of BIDU stock opened at $153.18 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 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 stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 50.89 and a beta of 0.30. The company’s fifty day simple moving average is $135.21 and its two-hundred day simple moving average is $119.14.

Hedge Funds Weigh In On Baidu

A number of institutional investors have recently added to or reduced their stakes in the company. Binnacle Investments Inc purchased a new stake in shares of Baidu in the 2nd quarter worth about $29,000. Winthrop Capital Management LLC bought a new stake in Baidu during the second quarter worth about $39,000. Mizuho Securities Co. Ltd. bought a new stake in Baidu during the second quarter worth about $43,000. UMB Bank n.a. grew its holdings in Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after purchasing an additional 134 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in shares of Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares in the last quarter.

Baidu Company Profile

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.