Baidu (NASDAQ:BIDU) Downgraded to “Neutral” Rating by Susquehanna

Susquehanna lowered shares of Baidu (NASDAQ:BIDU) from a positive rating to a neutral rating in a research note published on Monday, Marketbeat.com reports. The firm currently has $85.00 price target on the information services provider’s stock, down from their prior price target of $105.00.

A number of other brokerages have also recently commented on BIDU. Sanford C. Bernstein cut Baidu from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Mizuho reduced their price objective on Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Loop Capital lowered their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, HSBC downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.92.

Baidu Stock Up 2.9 %

BIDU opened at $82.67 on Monday. The company has a market cap of $28.99 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. Baidu has a twelve month low of $78.95 and a twelve month high of $126.23. The company has a 50-day moving average price of $93.67 and a 200 day moving average price of $92.22. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Baidu

Large investors have recently modified their holdings of the business. Primecap Management Co. CA lifted its position in Baidu by 1.5% in the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after buying an additional 176,150 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after acquiring an additional 18,334 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Baidu by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider’s stock worth $162,976,000 after acquiring an additional 67,331 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Baidu by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock valued at $116,263,000 after purchasing an additional 14,878 shares during the last quarter. Finally, CoreView Capital Management Ltd raised its position in Baidu by 15.6% in the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after purchasing an additional 166,618 shares during the period.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.