Baidu (NASDAQ:BIDU) Stock Rating Lowered by Barclays

Barclays downgraded shares of Baidu (NASDAQ:BIDU) from an overweight rating to an equal weight rating in a research report report published on Friday morning, MarketBeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Tuesday, September 24th. Bank of America dropped their price target on shares of Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Mizuho cut their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Baidu presently has an average rating of “Hold” and a consensus target price of $114.92.

Baidu Trading Up 2.9 %

Shares of BIDU stock opened at $82.67 on Friday. The stock has a market cap of $28.99 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. Baidu has a 1 year low of $78.95 and a 1 year high of $126.23. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $93.67 and a 200 day simple moving average of $92.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Baidu in the 1st quarter worth $209,000. Axxcess Wealth Management LLC raised its position in Baidu by 28.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,287 shares of the information services provider’s stock valued at $451,000 after purchasing an additional 962 shares during the last quarter. Advisors Asset Management Inc. raised its position in Baidu by 8.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 196 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Baidu by 9.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,017,341 shares of the information services provider’s stock worth $107,107,000 after buying an additional 84,776 shares during the period. Finally, Bellevue Group AG bought a new stake in shares of Baidu in the 1st quarter worth approximately $211,000.

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.