Baidu (NASDAQ:BIDU) Stock Rating Lowered by Zacks Research

Baidu (NASDAQ:BIDU) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

BIDU has been the topic of a number of other reports. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Deutsche Bank Aktiengesellschaft raised Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, November 6th. UBS Group reiterated a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Nomura boosted their target price on Baidu from $178.00 to $196.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Bank of America upped their price target on Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $159.94.

Baidu Stock Up 0.4%

Shares of NASDAQ:BIDU opened at $137.87 on Tuesday. The firm has a market capitalization of $47.63 billion, a PE ratio of 45.80 and a beta of 0.32. Baidu has a 1 year low of $74.71 and a 1 year high of $165.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.91. The firm’s 50-day moving average is $140.73 and its two-hundred day moving average is $124.15.

Institutional Investors Weigh In On Baidu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Baidu by 65.0% in the third 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 in the last quarter. Binnacle Investments Inc acquired a new stake in Baidu during the second quarter worth approximately $29,000. Ameritas Advisory Services LLC lifted its position in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Baidu by 35.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares in the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in shares of Baidu in the 2nd quarter valued at $39,000.

Baidu Company Profile

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.