Baidu (BIDU) Rating Lowered to Sell at BidaskClub

Baidu (NASDAQ:BIDU) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

BIDU has been the subject of a number of other research reports. OTR Global upgraded Baidu to a “positive” rating in a report on Wednesday, October 25th. Barclays set a $250.00 price objective on Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group increased their price objective on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Bank of America reiterated a “buy” rating and issued a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $237.26.

Baidu (BIDU) opened at $254.34 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $88,310.00, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 1.54 and a beta of 1.89. Baidu has a twelve month low of $166.00 and a twelve month high of $274.97.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIDU. Harding Loevner LP increased its holdings in Baidu by 7,512.3% in the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after buying an additional 295,426,466 shares in the last quarter. Capital World Investors increased its holdings in Baidu by 54.2% in the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after buying an additional 3,419,291 shares in the last quarter. Harris Associates L P increased its holdings in Baidu by 29.7% in the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after buying an additional 2,066,614 shares in the last quarter. Investec Asset Management LTD increased its holdings in Baidu by 3,282.3% in the 3rd quarter. Investec Asset Management LTD now owns 1,202,148 shares of the information services provider’s stock worth $297,760,000 after buying an additional 1,166,606 shares in the last quarter. Finally, USS Investment Management Ltd increased its holdings in Baidu by 156.8% in the 3rd quarter. USS Investment Management Ltd now owns 562,600 shares of the information services provider’s stock worth $139,350,000 after buying an additional 343,500 shares in the last quarter. Institutional investors own 63.87% of the company’s stock.

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Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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