Susquehanna Downgrades Baidu (NASDAQ:BIDU) to Neutral

Baidu (NASDAQ:BIDU) was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $85.00 target price on the information services provider’s stock, down from their previous target price of $105.00. Susquehanna’s price objective would indicate a potential upside of 1.78% from the stock’s current price.

BIDU has been the subject of a number of other reports. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Mizuho cut their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Barclays cut Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. Sanford C. Bernstein lowered Baidu from an “outperform” rating to a “market perform” rating and cut their target price for the company from $130.00 to $97.00 in a research note on Friday, August 23rd. Finally, HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Tuesday, September 24th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $114.92.

Baidu Price Performance

BIDU opened at $83.51 on Monday. 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 company’s 50 day simple moving average is $93.63 and its 200-day simple moving average is $92.04. Baidu has a one year low of $78.95 and a one year high of $126.23. The stock has a market capitalization of $29.28 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51.

Hedge Funds Weigh In On Baidu

Large investors have recently bought and sold shares of the company. World Investment Advisors LLC bought a new stake in shares of Baidu in the third quarter worth $72,000. Coldstream Capital Management Inc. bought a new stake in Baidu during the 3rd quarter worth about $653,000. Public Employees Retirement System of Ohio acquired a new position in shares of Baidu during the 3rd quarter worth about $5,009,000. Y Intercept Hong Kong Ltd bought a new position in shares of Baidu in the 3rd quarter valued at about $3,660,000. Finally, MML Investors Services LLC increased its position in shares of Baidu by 453.5% in the third quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider’s stock valued at $1,461,000 after acquiring an additional 11,370 shares during 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.