Recent Investment Analysts’ Ratings Changes for Baidu (BIDU)

Several brokerages have updated their recommendations and price targets on shares of Baidu (NASDAQ: BIDU) in the last few weeks:

• 11/29/2024 – Baidu had its price target lowered by analysts at Citigroup Inc. from $142.00 to $141.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Baidu was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.
• 11/26/2024 – Baidu was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/25/2024 – Baidu was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $85.00 price target on the stock, down previously from $105.00.
• 11/25/2024 – Baidu was downgraded by analysts at China Renaissance from a “buy” rating to a “hold” rating. They now have a $86.00 price target on the stock.
• 11/22/2024 – Baidu was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating.
• 11/22/2024 – Baidu had its price target lowered by analysts at Benchmark Co. from $135.00 to $130.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Baidu had its price target lowered by analysts at Mizuho from $130.00 to $115.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – Baidu was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/17/2024 – Baidu was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/3/2024 – Baidu was downgraded by analysts at Dbs Bank from a “strong-buy” rating to a “hold” rating.

Baidu Stock Performance

Shares of NASDAQ BIDU traded up $0.23 during midday trading on Monday, hitting $85.05. 2,495,743 shares of the stock traded hands, compared to its average volume of 3,630,001. The firm has a 50-day moving average of $93.57 and a two-hundred day moving average of $91.50. The firm has a market capitalization of $29.82 billion, a P/E ratio of 10.41, a PEG ratio of 1.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25.

Institutional Investors Weigh In On Baidu

A number of institutional investors have recently bought and sold shares of BIDU. iA Global Asset Management Inc. purchased a new position in shares of Baidu during the second quarter valued at about $52,000. Denver PWM LLC bought a new stake in Baidu in the second quarter worth about $67,000. Allspring Global Investments Holdings LLC lifted its stake in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after purchasing an additional 593 shares during the last quarter. World Investment Advisors LLC bought a new stake in Baidu in the third quarter worth about $72,000. Finally, Grove Bank & Trust lifted its stake in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares during the last quarter.

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.