Nomura Downgrades Baidu (NASDAQ:BIDU) to Neutral

Nomura cut shares of Baidu (NASDAQ:BIDU) from a buy rating to a neutral rating in a report published on Wednesday, Marketbeat reports.

A number of other equities analysts have also recently issued reports on BIDU. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Barclays upped their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Mizuho decreased their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Trading Up 1.7 %

Baidu stock opened at $91.19 on Wednesday. Baidu has a 12 month low of $77.19 and a 12 month high of $116.25. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. The business’s fifty day simple moving average is $87.08 and its two-hundred day simple moving average is $88.83. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Baidu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rialto Wealth Management LLC purchased a new position in shares of Baidu in the fourth quarter worth approximately $42,000. Sycomore Asset Management bought a new position in Baidu in the fourth quarter worth approximately $51,000. GeoWealth Management LLC boosted its stake 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 worth $55,000 after acquiring an additional 308 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 593 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in shares of Baidu in the 3rd quarter worth $72,000.

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.