Baidu (NASDAQ:BIDU) Trading Down 0.1% – Should You Sell?

Baidu, Inc. (NASDAQ:BIDU)’s share price was down 0.1% on Tuesday . The company traded as low as $84.94 and last traded at $85.32. Approximately 430,516 shares were traded during trading, a decline of 88% from the average daily volume of 3,600,626 shares. The stock had previously closed at $85.42.

Analyst Ratings Changes

Several research analysts have weighed in on BIDU shares. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Susquehanna decreased their price target on shares of Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $130.00 to $97.00 in a research report on Friday, August 23rd. Barclays decreased their price target on shares of Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.29.

Baidu Stock Performance

The company has a market cap of $30.42 billion, a PE ratio of 11.43 and a beta of 0.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The firm’s 50 day moving average is $93.81 and its 200-day moving average is $92.97.

Institutional Trading of Baidu

Several hedge funds have recently made changes to their positions in BIDU. Coldstream Capital Management Inc. acquired a new position in shares of Baidu in the 3rd quarter worth approximately $653,000. Public Employees Retirement System of Ohio acquired a new stake in Baidu during the 3rd quarter worth approximately $5,009,000. Y Intercept Hong Kong Ltd acquired a new stake in Baidu during the 3rd quarter worth approximately $3,660,000. MML Investors Services LLC lifted its holdings in Baidu by 453.5% during the 3rd quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider’s stock worth $1,461,000 after buying an additional 11,370 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Baidu by 10.8% during the 3rd quarter. National Bank of Canada FI now owns 118,886 shares of the information services provider’s stock worth $12,518,000 after buying an additional 11,634 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.