Baidu (NASDAQ:BIDU) Sets New 1-Year Low – Should You Sell?

Baidu, Inc. (NASDAQ:BIDU)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $78.28 and last traded at $78.28, with a volume of 981639 shares changing hands. The stock had previously closed at $81.34.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lowered Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Mizuho lowered their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Benchmark reduced their price objective on shares of Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Down 3.6 %

The business has a 50 day moving average price of $86.41 and a 200 day moving average price of $89.32. The company has a market capitalization of $27.49 billion, a P/E ratio of 9.60, a PEG ratio of 1.19 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Baidu

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after buying an additional 593 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Baidu in the third quarter worth about $72,000. Grove Bank & Trust lifted its holdings in shares of 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 purchasing an additional 130 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in shares of Baidu in the 3rd quarter valued at approximately $82,000. Finally, EverSource Wealth Advisors LLC increased its stake in Baidu by 102.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,098 shares of the information services provider’s stock worth $97,000 after purchasing an additional 555 shares in 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.