Dbs Bank Lowers Baidu (NASDAQ:BIDU) to Hold

Dbs Bank lowered shares of Baidu (NASDAQ:BIDU) from a strong-buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Citigroup dropped their price objective on shares of Baidu from $170.00 to $155.00 and set a buy rating on the stock in a research note on Monday, July 15th. Susquehanna cut their price target on Baidu from $135.00 to $105.00 and set a positive rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group decreased their price objective on Baidu from $174.00 to $139.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Bank of America cut their target price on Baidu from $128.00 to $117.00 and set a buy rating on the stock in a research note on Friday, August 23rd. Finally, Hsbc Global Res lowered shares of Baidu from a strong-buy rating to a hold rating in a research report on Tuesday, September 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $132.13.

Baidu Stock Performance

BIDU stock opened at $110.46 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. Baidu has a 1-year low of $79.68 and a 1-year high of $135.85. The business has a 50-day moving average price of $88.84 and a 200 day moving average price of $95.29. The company has a market capitalization of $38.73 billion, a P/E ratio of 14.79 and a beta of 0.49.

Hedge Funds Weigh In On Baidu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Baidu in the first quarter valued at about $31,000. iA Global Asset Management Inc. acquired a new position in Baidu in the 2nd quarter worth approximately $52,000. Silicon Valley Capital Partners purchased a new position in Baidu during the 1st quarter worth approximately $53,000. Accent Capital Management LLC purchased a new stake in shares of Baidu in the 4th quarter valued at $66,000. Finally, Denver PWM LLC acquired a new stake in shares of Baidu in the second quarter worth $67,000.

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.