Baidu (NASDAQ:BIDU) Stock Rating Lowered by Nomura Securities

Baidu (NASDAQ:BIDU) was downgraded by Nomura Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on BIDU. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $105.00 to $85.00 in a report on Monday, November 25th. China Renaissance lowered 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. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday. Citigroup lowered their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, Barclays raised their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Stock Performance

Baidu stock opened at $88.03 on Wednesday. Baidu has a fifty-two week low of $77.19 and a fifty-two week high of $116.25. The firm’s fifty day moving average price is $87.12 and its 200-day moving average price is $88.83. The stock has a market cap of $30.87 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.23 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

Institutional Trading of Baidu

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after acquiring an additional 140 shares in the last quarter. Denver PWM LLC grew its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares during the period. Intellectus Partners LLC raised its holdings in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after purchasing an additional 235 shares in the last quarter. US Bancorp DE lifted its position in Baidu by 7.2% during the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after buying an additional 270 shares during the period. Finally, GeoWealth Management LLC boosted its holdings in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after buying an additional 308 shares in the last quarter.

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.