Baidu (NASDAQ:BIDU) Downgraded by Nomura Securities to “Hold”

Nomura Securities lowered shares of Baidu (NASDAQ:BIDU) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

BIDU has been the topic of several other research reports. Mizuho lifted their price objective on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays lifted their price objective on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Citigroup decreased their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $88.03 on Wednesday. Baidu has a 1-year low of $77.19 and a 1-year high of $116.25. The firm has a market capitalization of $30.87 billion, a PE ratio of 10.77, a PEG ratio of 2.23 and a beta of 0.46. The business’s 50 day moving average is $87.12 and its 200-day moving average is $88.83. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Baidu

Institutional investors have recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in Baidu in the 4th quarter valued at $42,000. Sycomore Asset Management bought a new stake in shares of Baidu during the fourth quarter worth $51,000. GeoWealth Management LLC raised its position in shares of Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after acquiring an additional 308 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Baidu during the third quarter worth $72,000.

About Baidu

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.