Baidu (BIDU) Downgraded by BidaskClub

Baidu (NASDAQ:BIDU) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

BIDU has been the subject of several other reports. OTR Global raised Baidu to a “positive” rating in a research note on Wednesday, October 25th. Barclays set a $250.00 price objective on Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group increased their price objective on Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Bank of America reaffirmed a “buy” rating and issued a $301.00 target price on shares of Baidu in a research note on Sunday, November 19th. Finally, Zacks Investment Research downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $239.75.

Baidu (NASDAQ BIDU) opened at $215.67 on Friday. Baidu has a 52 week low of $166.00 and a 52 week high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $74,785.73, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.50 and a beta of 1.86.

Several institutional investors and hedge funds have recently modified their holdings of BIDU. Schwab Charles Investment Management Inc. increased its position in shares of Baidu by 53.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,872 shares of the information services provider’s stock worth $3,197,000 after purchasing an additional 6,246 shares during the last quarter. Ark Investment Management LLC increased its position in shares of Baidu by 30.9% during the 2nd quarter. Ark Investment Management LLC now owns 102,901 shares of the information services provider’s stock worth $18,405,000 after purchasing an additional 24,302 shares during the last quarter. QS Investors LLC increased its position in shares of Baidu by 16.7% during the 2nd quarter. QS Investors LLC now owns 4,200 shares of the information services provider’s stock worth $751,000 after purchasing an additional 600 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Baidu by 3.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 18,317 shares of the information services provider’s stock worth $3,275,000 after purchasing an additional 607 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Baidu by 28.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,896 shares of the information services provider’s stock worth $697,000 after purchasing an additional 864 shares during the last quarter. 63.94% of the stock is owned by institutional investors and hedge funds.

WARNING: “Baidu (BIDU) Downgraded by BidaskClub” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/11/baidu-bidu-downgraded-by-bidaskclub.html.

Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply