Baidu (NASDAQ:BIDU) Cut to Neutral at Nomura

Nomura cut shares of Baidu (NASDAQ:BIDU) from a buy rating to a neutral rating in a report released on Wednesday morning, MarketBeat reports.

A number of other equities research analysts have also weighed in on BIDU. Citigroup lowered their target price on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Barclays boosted their price objective on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Baidu in a research note on Friday, January 24th. Finally, Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $91.19 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The stock has a market cap of $31.97 billion, a PE ratio of 9.94, a PEG ratio of 2.02 and a beta of 0.46. The company’s fifty day moving average is $87.08 and its 200 day moving average is $88.83. Baidu has a 52 week low of $77.19 and a 52 week high of $116.25.

Institutional Trading of Baidu

Several institutional investors and hedge funds have recently bought and sold shares of BIDU. Advisors Asset Management Inc. raised its position in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after acquiring an additional 140 shares in the last quarter. Denver PWM LLC grew its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares during the period. Intellectus Partners LLC raised its holdings in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after purchasing an additional 235 shares in the last quarter. US Bancorp DE lifted its position in Baidu by 7.2% during the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after buying an additional 270 shares during the period. Finally, GeoWealth Management LLC boosted its holdings in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after buying an additional 308 shares in the last quarter.

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.