Baidu (NASDAQ:BIDU) Earns “Outperform” Rating from Daiwa Capital Markets

Baidu (NASDAQ:BIDU)‘s stock had its “outperform” rating restated by Daiwa Capital Markets in a report released on Tuesday.

BIDU has been the subject of a number of other reports. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Mizuho decreased their target price on Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research note on Monday, November 25th. Finally, StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $112.08.

Baidu Trading Down 7.8 %

Shares of BIDU stock traded down $7.63 on Tuesday, reaching $89.85. 13,278,019 shares of the stock were exchanged, compared to its average volume of 4,933,717. The stock has a market cap of $31.51 billion, a PE ratio of 11.03, a P/E/G ratio of 2.03 and a beta of 0.46. Baidu has a one year low of $77.19 and a one year high of $116.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a 50 day moving average price of $87.10 and a 200 day moving average price of $88.79.

Institutional Investors Weigh In On Baidu

A number of large investors have recently modified their holdings of the business. Primecap Management Co. CA lifted its stake in shares of Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after acquiring an additional 176,150 shares during the last quarter. Dodge & Cox lifted its stake in shares of Baidu by 0.4% in the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock valued at $498,796,000 after acquiring an additional 22,000 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after acquiring an additional 18,334 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider’s stock valued at $203,213,000 after acquiring an additional 207,966 shares during the last quarter. Finally, Appaloosa LP lifted its stake in shares of Baidu by 7.2% in the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after acquiring an additional 102,909 shares during the last quarter.

About Baidu

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.