Baidu (BIDU) Downgraded to “Sell” at ValuEngine

Baidu (NASDAQ:BIDU) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

BIDU has been the topic of several other research reports. Benchmark decreased their target price on Baidu from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday. Oppenheimer decreased their target price on Baidu from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, January 28th. Zacks Investment Research downgraded Baidu from a “hold” rating to a “strong sell” rating in a research note on Friday, January 25th. OTR Global raised Baidu to a “positive” rating in a research note on Friday, January 25th. Finally, KeyCorp set a $236.00 target price on Baidu and gave the company a “positive” rating in a research note on Wednesday, January 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Baidu has a consensus rating of “Buy” and an average target price of $251.87.

BIDU stock opened at $167.17 on Friday. Baidu has a twelve month low of $153.78 and a twelve month high of $284.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $59.36 billion, a PE ratio of 20.74, a P/E/G ratio of 1.04 and a beta of 1.52.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Highstreet Asset Management Inc. increased its stake in Baidu by 1.5% in the 4th quarter. Highstreet Asset Management Inc. now owns 4,016 shares of the information services provider’s stock worth $637,000 after acquiring an additional 61 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in Baidu by 2.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 2,654 shares of the information services provider’s stock worth $424,000 after acquiring an additional 65 shares during the last quarter. Jennison Associates LLC increased its stake in Baidu by 2.0% in the 4th quarter. Jennison Associates LLC now owns 3,538 shares of the information services provider’s stock worth $561,000 after acquiring an additional 68 shares during the last quarter. First Personal Financial Services increased its stake in Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Baidu by 10.0% in the 4th quarter. North Star Investment Management Corp. now owns 1,100 shares of the information services provider’s stock worth $174,000 after acquiring an additional 100 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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