Baidu (NASDAQ:BIDU) Stock Rating Lowered by Nomura

Baidu (NASDAQ:BIDU) was downgraded by equities research analysts at Nomura from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports.

Several other research analysts have also issued reports on BIDU. China Renaissance lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Baidu in a research report on Friday, January 24th. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Mizuho lowered their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $112.08.

Baidu Stock Down 7.5 %

Shares of NASDAQ:BIDU opened at $90.16 on Wednesday. Baidu has a 52-week low of $77.19 and a 52-week high of $116.25. The firm has a fifty day moving average of $87.10 and a 200 day moving average of $88.79. The firm has a market capitalization of $31.61 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

Hedge Funds Weigh In On Baidu

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of Baidu by 1.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 48,176 shares of the information services provider’s stock valued at $4,062,000 after buying an additional 599 shares during the period. Vise Technologies Inc. purchased a new stake in Baidu in the fourth quarter worth about $265,000. CoreView Capital Management Ltd grew its holdings in Baidu by 2.0% in the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider’s stock worth $106,399,000 after purchasing an additional 25,220 shares during the period. Triata Capital Ltd purchased a new stake in Baidu in the fourth quarter worth about $16,308,000. Finally, Saba Capital Management L.P. grew its holdings in Baidu by 28.3% in the fourth quarter. Saba Capital Management L.P. now owns 107,068 shares of the information services provider’s stock worth $9,027,000 after purchasing an additional 23,649 shares during the period.

About Baidu

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.