Baidu (NASDAQ:BIDU) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Baidu (NASDAQ:BIDU) from a hold rating to a sell rating in a report published on Saturday.

Several other research analysts have also recently weighed in on the stock. CLSA raised shares of Baidu to a “strong-buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $110.00 to $188.00 in a research note on Monday, November 24th. Nomura Securities raised Baidu from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. National Bankshares raised Baidu to an “outperform” rating in a report on Monday, November 24th. Finally, Bank of America upped their price objective on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and a consensus target price of $146.11.

Baidu Trading Up 1.2%

NASDAQ:BIDU opened at $124.80 on Friday. Baidu has a 52 week low of $74.71 and a 52 week high of $149.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 41.46 and a beta of 0.44. The firm has a 50-day moving average price of $121.82 and a two-hundred day moving average price of $108.52.

Institutional Trading of Baidu

A number of hedge funds have recently bought and sold shares of BIDU. Binnacle Investments Inc bought a new position in Baidu during the second quarter valued at approximately $29,000. Winthrop Capital Management LLC bought a new stake in shares of Baidu in the 2nd quarter worth approximately $39,000. Mizuho Securities Co. Ltd. bought a new position in shares of Baidu during the 2nd quarter valued at $43,000. UMB Bank n.a. grew its holdings in shares of Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 134 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after purchasing an additional 372 shares during the period.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.