Baidu (BIDU) Lifted to Sell at BidaskClub

Baidu (NASDAQ:BIDU) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday, April 4th, BidAskClub reports.

Several other equities analysts have also recently weighed in on the company. TheStreet cut Baidu from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Daiwa Capital Markets set a $215.00 price target on Baidu and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Morgan Stanley cut Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a research report on Tuesday, January 8th. Finally, KeyCorp set a $236.00 price target on Baidu and gave the company a “positive” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $245.56.

Shares of BIDU stock traded down $1.81 during trading hours on Thursday, reaching $166.12. The company had a trading volume of 3,697,446 shares, compared to its average volume of 3,054,105. Baidu has a 12 month low of $153.78 and a 12 month high of $284.22. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $58.66 billion, a PE ratio of 21.34, a P/E/G ratio of 3.96 and a beta of 1.47.

Several institutional investors have recently bought and sold shares of the stock. Polen Capital Management LLC boosted its stake in Baidu by 19.3% during the 4th quarter. Polen Capital Management LLC now owns 38,666 shares of the information services provider’s stock valued at $6,132,000 after purchasing an additional 6,267 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Baidu by 9.8% during the 4th quarter. Pzena Investment Management LLC now owns 429,238 shares of the information services provider’s stock valued at $68,078,000 after buying an additional 38,419 shares during the period. Bellecapital International Ltd. lifted its holdings in shares of Baidu by 5.9% during the 4th quarter. Bellecapital International Ltd. now owns 22,581 shares of the information services provider’s stock valued at $3,581,000 after buying an additional 1,259 shares during the period. Strs Ohio bought a new position in shares of Baidu during the 1st quarter valued at $9,891,000. Finally, Sigma Planning Corp lifted its holdings in shares of Baidu by 6.2% during the 4th quarter. Sigma Planning Corp now owns 2,207 shares of the information services provider’s stock valued at $350,000 after buying an additional 128 shares during the period. Institutional investors own 62.55% of the company’s stock.

About Baidu

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.

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