Baidu (NASDAQ:BIDU) Cut to "Hold" at StockNews.com

Baidu (NASDAQ:BIDU - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.

Several other research firms also recently commented on BIDU. Susquehanna downgraded Baidu from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Nomura cut shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday. Citigroup lowered their target price on shares of Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Barclays boosted their target price on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Finally, China Renaissance cut shares of Baidu from a "buy" rating to a "hold" rating and set a $86.00 target price on the stock. in a report on Monday, November 25th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $111.25.

Baidu Stock Performance

Baidu stock traded up $1.54 during trading on Wednesday, hitting $91.19. The stock had a trading volume of 11,631,179 shares, compared to its average volume of 5,418,441. Baidu has a 1 year low of $77.19 and a 1 year high of $116.25. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average is $87.08 and its two-hundred day moving average is $88.83. The stock has a market cap of $31.97 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in Baidu in the fourth quarter valued at $42,000. Sycomore Asset Management bought a new position in Baidu in the fourth quarter valued at $51,000. GeoWealth Management LLC increased its stake in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock valued at $72,000 after acquiring an additional 593 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in Baidu in the third quarter valued at $82,000.

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.