Baidu (NASDAQ:BIDU) Trading Down 0.1% – Should You Sell?

Baidu, Inc. (NASDAQ:BIDU) shares traded down 0.1% on Tuesday . The company traded as low as $84.94 and last traded at $85.32. 430,516 shares were traded during mid-day trading, a decline of 88% from the average session volume of 3,600,626 shares. The stock had previously closed at $85.42.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BIDU shares. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Barclays dropped their target price on shares of Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Susquehanna dropped their target price on shares of Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $130.00 to $97.00 in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.29.

Baidu Stock Up 0.8 %

The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $93.81 and a 200 day moving average of $92.97. The firm has a market capitalization of $30.42 billion, a price-to-earnings ratio of 11.43 and a beta of 0.51.

Hedge Funds Weigh In On Baidu

Several large investors have recently added to or reduced their stakes in BIDU. Coldstream Capital Management Inc. acquired a new stake in shares of Baidu during the third quarter worth $653,000. Public Employees Retirement System of Ohio bought a new stake in shares of Baidu during the 3rd quarter valued at about $5,009,000. Y Intercept Hong Kong Ltd acquired a new stake in Baidu during the third quarter worth about $3,660,000. MML Investors Services LLC raised its stake in Baidu by 453.5% during the third quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider’s stock worth $1,461,000 after acquiring an additional 11,370 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Baidu by 10.8% in the third quarter. National Bank of Canada FI now owns 118,886 shares of the information services provider’s stock worth $12,518,000 after acquiring an additional 11,634 shares during the last quarter.

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.