Baidu (NASDAQ:BIDU) Shares Down 0.1% – Time to Sell?

Shares of Baidu, Inc. (NASDAQ:BIDU) were down 0.1% during trading on Monday . The company traded as low as $84.30 and last traded at $84.48. Approximately 700,534 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 3,605,965 shares. The stock had previously closed at $84.58.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BIDU shares. Susquehanna dropped their target price on shares of Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a report on Thursday, September 5th. Benchmark lowered their price target 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. Loop Capital reduced their price objective on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Bank of America reduced their price objective on shares of Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $130.00 to $97.00 in a research report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Baidu has an average rating of “Moderate Buy” and a consensus target price of $127.29.

Baidu Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market capitalization of $29.95 billion, a P/E ratio of 11.13 and a beta of 0.51. The stock has a 50 day moving average of $93.60 and a 200-day moving average of $93.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Guinness Asset Management LTD lifted its stake in shares of Baidu by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after acquiring an additional 100 shares during the last quarter. Grove Bank & Trust lifted its position in Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the period. Advisors Asset Management Inc. lifted its position in Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after acquiring an additional 140 shares during the period. Blue Trust Inc. lifted its position in Baidu by 9.0% during the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after acquiring an additional 171 shares during the period. Finally, Intellectus Partners LLC raised its holdings in Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after buying an additional 250 shares during the last quarter.

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.