Baidu (NASDAQ:BIDU) Downgraded to Strong Sell at BidaskClub

BidaskClub cut shares of Baidu (NASDAQ:BIDU) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning, BidAskClub reports.

A number of other research analysts have also recently commented on BIDU. Jefferies Financial Group set a $133.00 price target on Baidu and gave the company a buy rating in a research note on Friday, October 18th. ValuEngine upgraded Baidu from a sell rating to a hold rating in a research note on Thursday, August 1st. Mizuho increased their price target on Baidu from $165.00 to $175.00 and gave the company a buy rating in a research note on Thursday, November 7th. HSBC increased their price target on Baidu from $137.00 to $141.00 and gave the company a buy rating in a research note on Wednesday, August 21st. Finally, Sanford C. Bernstein upgraded Baidu from a market perform rating to an outperform rating and increased their price target for the company from $118.00 to $139.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $146.10.

NASDAQ BIDU traded down $0.83 on Monday, hitting $115.69. 2,574,436 shares of the company’s stock were exchanged, compared to its average volume of 3,768,062. The stock has a 50-day moving average of $107.67 and a 200-day moving average of $113.35. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.35. Baidu has a 52 week low of $93.39 and a 52 week high of $196.00. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 15.40 and a beta of 1.72.

A number of hedge funds and other institutional investors have recently bought and sold shares of BIDU. Atlas Capital Advisors LLC acquired a new stake in Baidu in the third quarter valued at $25,000. Griffin Asset Management Inc. acquired a new stake in Baidu in the second quarter valued at $27,000. Motco acquired a new stake in Baidu in the second quarter valued at $28,000. Tower Research Capital LLC TRC acquired a new stake in Baidu in the second quarter valued at $31,000. Finally, JNBA Financial Advisors acquired a new stake in Baidu in the third quarter valued at $31,000. Institutional investors and hedge funds own 51.80% of the company’s stock.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

Recommended Story: Trading based on a resistance level

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.