Baidu (NASDAQ:BIDU) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Baidu (NASDAQ:BIDU) from a hold rating to a sell rating in a research report sent to investors on Sunday morning.

A number of other equities research analysts have also issued reports on BIDU. Morgan Stanley decreased their target price on shares of Baidu from $150.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. UBS Group reissued a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Baidu in a research note on Friday, February 20th. Nomura decreased their target price on shares of Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, Zephirin Group lifted their target price on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.05.

Baidu Stock Performance

Shares of NASDAQ:BIDU opened at $135.33 on Friday. The firm has a fifty day moving average of $122.21 and a two-hundred day moving average of $128.99. The firm has a market capitalization of $46.05 billion, a P/E ratio of 85.11 and a beta of 0.53. Baidu has a 12-month low of $81.17 and a 12-month high of $165.30. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIDU. Empowered Funds LLC bought a new position in shares of Baidu during the 1st quarter valued at $334,000. EverSource Wealth Advisors LLC raised its holdings in shares of Baidu by 71.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $101,000 after purchasing an additional 493 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Baidu by 53.3% during the 2nd quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock valued at $829,000 after purchasing an additional 3,362 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Baidu by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock valued at $4,291,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Baidu during the 2nd quarter valued at $254,000.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.