Susquehanna Downgrades Baidu (NASDAQ:BIDU) to Neutral

Baidu (NASDAQ:BIDU) was downgraded by research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued on Monday,Briefing.com Automated Import reports. They currently have a $85.00 price target on the information services provider’s stock, down from their prior price target of $105.00. Susquehanna’s target price points to a potential upside of 5.81% from the stock’s current price.

BIDU has been the subject of a number of other research reports. Jefferies Financial Group reduced their price objective on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Dbs Bank cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Bank of America lowered their price target on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Loop Capital decreased their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Finally, Mizuho dropped their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Baidu presently has a consensus rating of “Hold” and a consensus price target of $114.92.

Baidu Stock Down 1.6 %

Shares of BIDU stock opened at $80.33 on Monday. The stock has a 50 day moving average of $93.70 and a 200-day moving average of $92.42. The firm has a market cap of $28.17 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a 12 month low of $78.95 and a 12 month high of $126.23.

Institutional Investors Weigh In On Baidu

Large investors have recently bought and sold shares of the business. iA Global Asset Management Inc. acquired a new stake in shares of Baidu in the second quarter valued at $52,000. Denver PWM LLC bought a new position in Baidu in the 2nd quarter worth approximately $67,000. Allspring Global Investments Holdings LLC lifted its holdings in Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after buying an additional 593 shares in the last quarter. Grove Bank & Trust boosted its position in Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in Baidu in the 3rd quarter valued at $82,000.

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.