Baidu (NASDAQ:BIDU) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a strong sell rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

A number of other research analysts have also recently issued reports on the company. UBS Group reiterated a hold rating and issued a $145.00 target price on shares of Baidu in a research report on Friday, July 5th. Loop Capital started coverage on Baidu in a research report on Monday, June 3rd. They issued a hold rating and a $125.00 target price on the stock. HSBC lifted their target price on Baidu from $137.00 to $141.00 and gave the company a buy rating in a research report on Wednesday, August 21st. Morgan Stanley set a $125.00 target price on Baidu and gave the company a hold rating in a research report on Tuesday, August 20th. Finally, ValuEngine upgraded Baidu from a sell rating to a hold rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Baidu presently has an average rating of Hold and a consensus target price of $151.06.

Baidu stock opened at $110.54 on Thursday. Baidu has a 12-month low of $93.39 and a 12-month high of $234.88. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $104.32 and its two-hundred day moving average price is $133.49. The stock has a market cap of $38.95 billion, a PE ratio of 14.17, a P/E/G ratio of 14.61 and a beta of 1.73.

Several large investors have recently added to or reduced their stakes in BIDU. Griffin Asset Management Inc. bought a new stake in shares of Baidu during the second quarter worth about $27,000. Motco bought a new stake in Baidu in the second quarter valued at approximately $28,000. Tower Research Capital LLC TRC bought a new stake in Baidu in the second quarter valued at approximately $31,000. American Beacon Advisors Inc. boosted its holdings in Baidu by 71.2% in the first quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 84 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in Baidu in the second quarter valued at approximately $33,000. Institutional investors own 57.34% 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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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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