Baidu (NASDAQ:BIDU) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Baidu (NASDAQ:BIDUFree Report) from a buy rating to a hold rating in a research report released on Thursday.

BIDU has been the subject of several other research reports. Nomura Instinet raised shares of Baidu from a neutral rating to a buy rating and set a $145.00 price objective for the company in a research report on Wednesday, November 22nd. Susquehanna lowered their price objective on shares of Baidu from $175.00 to $150.00 and set a positive rating for the company in a research report on Monday, November 27th. The Goldman Sachs Group lowered their price objective on shares of Baidu from $181.00 to $174.00 and set a buy rating for the company in a research report on Wednesday, November 22nd. Benchmark reissued a buy rating and set a $210.00 price objective on shares of Baidu in a research report on Monday, December 18th. Finally, Nomura raised shares of Baidu from a neutral rating to a buy rating and set a $145.00 target price for the company in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $176.69.

Check Out Our Latest Stock Analysis on Baidu

Baidu Stock Performance

Shares of NASDAQ:BIDU opened at $103.86 on Thursday. Baidu has a 52 week low of $96.58 and a 52 week high of $160.53. The company has a quick ratio of 2.82, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $106.11 and a two-hundred day moving average price of $115.75.

Hedge Funds Weigh In On Baidu

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in shares of Baidu by 4.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider’s stock valued at $289,000 after purchasing an additional 75 shares during the last quarter. United Capital Financial Advisers LLC boosted its position in Baidu by 2.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider’s stock worth $459,000 after buying an additional 88 shares during the period. Geneos Wealth Management Inc. boosted its position in Baidu by 3.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider’s stock worth $398,000 after buying an additional 90 shares during the period. Crossmark Global Holdings Inc. boosted its position in Baidu by 0.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after buying an additional 99 shares during the period. Finally, Stifel Financial Corp boosted its position in Baidu by 0.3% during the 4th quarter. Stifel Financial Corp now owns 37,553 shares of the information services provider’s stock worth $4,472,000 after buying an additional 101 shares during the period. 21.22% of the stock is owned by institutional investors.

About Baidu

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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