Baidu (NASDAQ:BIDU) Cut to Sell at Wall Street Zen

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

Several other brokerages have also commented on BIDU. Nomura set a $140.00 price objective on Baidu and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $188.00 in a research note on Monday, November 24th. Bank of America raised their target price on Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Morgan Stanley decreased their price objective on Baidu from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Baidu currently has a consensus rating of “Moderate Buy” and an average target price of $146.11.

Baidu Stock Performance

Shares of BIDU stock opened at $126.81 on Friday. The firm has a market capitalization of $43.81 billion, a PE ratio of 42.13 and a beta of 0.44. The company has a 50 day moving average price of $121.91 and a 200-day moving average price of $108.94. Baidu has a 52 week low of $74.71 and a 52 week high of $149.51. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Binnacle Investments Inc purchased a new stake in Baidu during the 2nd quarter valued at approximately $29,000. Winthrop Capital Management LLC bought a new position in shares of Baidu during the second quarter worth $39,000. Mizuho Securities Co. Ltd. purchased a new position in Baidu during the second quarter valued at $43,000. UMB Bank n.a. increased its holdings in Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 134 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings 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 valued at $49,000 after acquiring an additional 372 shares during the last quarter.

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.