Recent Investment Analysts’ Ratings Changes for Baidu (BIDU)

Baidu (NASDAQ: BIDU) recently received a number of ratings updates from brokerages and research firms:

  • 5/20/2019 – Baidu had its price target lowered by analysts at Nomura from $181.00 to $147.00. They now have a “neutral” rating on the stock.
  • 5/20/2019 – Baidu was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating.
  • 5/20/2019 – Baidu had its price target lowered by analysts at Barclays PLC from $200.00 to $160.00. They now have an “equal weight” rating on the stock.
  • 5/18/2019 – Baidu was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/17/2019 – Baidu was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They now have a $140.00 price target on the stock.
  • 5/17/2019 – Baidu was downgraded by analysts at Daiwa Capital Markets from a “buy” rating to a “neutral” rating.
  • 5/17/2019 – Baidu was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $147.00 price target on the stock.
  • 5/17/2019 – Baidu was given a new $179.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 5/17/2019 – Baidu had its price target lowered by analysts at Benchmark Co. from $245.00 to $180.00. They now have a “buy” rating on the stock.
  • 5/10/2019 – Baidu was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 5/7/2019 – Baidu had its price target lowered by analysts at Mizuho from $215.00 to $205.00. They now have a “buy” rating on the stock.
  • 4/24/2019 – Baidu was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 4/23/2019 – Baidu was given a new $220.00 price target on by analysts at KeyCorp. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/16/2019 – Baidu was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/15/2019 – Baidu had its “hold” rating reaffirmed by analysts at China Renaissance Securities Ltd..
  • 4/10/2019 – Baidu was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
  • 4/10/2019 – Baidu was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/10/2019 – Baidu was given a new $221.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 4/4/2019 – Baidu was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/4/2019 – Baidu was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/26/2019 – Baidu was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
  • 3/26/2019 – Baidu was given a new $175.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.

NASDAQ BIDU traded down $3.48 on Thursday, hitting $114.92. 70,218 shares of the stock traded hands, compared to its average volume of 5,659,228. Baidu Inc has a 12 month low of $116.78 and a 12 month high of $274.00. The firm has a market cap of $42.09 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 3.88 and a beta of 1.44. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.31.

A number of hedge funds and other institutional investors have recently made changes to their positions in BIDU. Bank of Montreal Can raised its position in Baidu by 219.8% during the first quarter. Bank of Montreal Can now owns 792,685 shares of the information services provider’s stock valued at $130,674,000 after purchasing an additional 544,799 shares in the last quarter. Polen Capital Management LLC boosted its position 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 acquiring an additional 6,267 shares in the last quarter. Pzena Investment Management LLC boosted its position in 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 acquiring an additional 38,419 shares in the last quarter. Strs Ohio bought a new stake in Baidu during the 1st quarter valued at approximately $9,891,000. Finally, Jacobs & Co. CA bought a new stake in Baidu during the 1st quarter valued at approximately $2,144,000. 59.80% of the stock is owned by institutional investors and hedge funds.

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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