Baidu (NASDAQ:BIDU) Reaches New 52-Week Low - Should You Sell?

Baidu, Inc. (NASDAQ:BIDU - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $76.53 and last traded at $77.12, with a volume of 4831253 shares. The stock had previously closed at $79.76.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays increased their price objective on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho lifted their target price on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $111.25.

Baidu Stock Performance

The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock's 50-day moving average price is $90.60 and its 200-day moving average price is $90.09. The company has a market capitalization of $29.01 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.96 and a beta of 0.33.

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Hedge Funds Weigh In On Baidu

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Denver PWM LLC lifted its holdings in shares of Baidu by 28.5% in the 3rd 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 last quarter. Intellectus Partners LLC lifted its stake in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock valued at $1,414,000 after buying an additional 235 shares during the last quarter. US Bancorp DE boosted its holdings in shares of 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 acquiring an additional 270 shares during the period. Investors Research Corp grew its position in shares of Baidu by 20.5% during the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after acquiring an additional 300 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of Baidu by 88.5% in the 4th 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 period.

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.