Baidu (NASDAQ:BIDU) Lowered to Hold at Dbs Bank

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

A number of other research analysts have also recently commented on the company. HSBC cut Baidu from a buy rating to a hold rating and set a $100.00 target price on the stock. in a research note on Tuesday, September 24th. Susquehanna decreased their target price on Baidu from $135.00 to $105.00 and set a positive rating for the company in a research report on Thursday, September 5th. StockNews.com cut shares of Baidu from a buy rating to a hold rating in a report on Tuesday, July 16th. Benchmark decreased their price objective on shares of Baidu from $180.00 to $135.00 and set a buy rating for the company in a report on Wednesday, July 31st. Finally, Loop Capital dropped their target price on shares of Baidu from $120.00 to $115.00 and set a buy rating on the stock in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $132.13.

Baidu Trading Up 1.1 %

Shares of Baidu stock traded up $1.23 on Thursday, reaching $110.46. The company had a trading volume of 5,695,507 shares, compared to its average volume of 3,561,821. The firm has a market cap of $38.73 billion, a price-to-earnings ratio of 14.79 and a beta of 0.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The firm’s 50-day moving average price is $88.84 and its two-hundred day moving average price is $95.35. Baidu has a 1 year low of $79.68 and a 1 year high of $135.85.

Hedge Funds Weigh In On Baidu

Several large investors have recently made changes to their positions in BIDU. Primecap Management Co. CA increased its holdings in Baidu by 17.2% in the 2nd quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock worth $1,033,238,000 after acquiring an additional 1,753,577 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Baidu by 49.7% during the first quarter. Canada Pension Plan Investment Board now owns 1,018,685 shares of the information services provider’s stock worth $107,247,000 after purchasing an additional 338,110 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Baidu by 103.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 582,475 shares of the information services provider’s stock valued at $51,192,000 after buying an additional 295,700 shares during the period. XY Capital Ltd purchased a new stake in shares of Baidu during the 2nd quarter valued at approximately $23,880,000. Finally, SG Americas Securities LLC grew its position in Baidu by 337.5% in the first quarter. SG Americas Securities LLC now owns 250,418 shares of the information services provider’s stock worth $26,364,000 after acquiring an additional 193,180 shares during the period.

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.