Baidu (NASDAQ:BIDU) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley downgraded shares of Baidu (NASDAQ:BIDU - Free Report) from an overweight rating to an equal weight rating in a report published on Friday morning, MarketBeat.com reports. They currently have $125.00 target price on the information services provider's stock, down from their prior target price of $140.00.

A number of other research analysts have also recently issued reports on the stock. Benchmark reduced their price objective on shares of Baidu from $210.00 to $180.00 and set a buy rating for the company in a report on Monday, May 6th. HSBC cut their price target on shares of Baidu from $157.00 to $145.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Mizuho cut their price target on shares of Baidu from $140.00 to $130.00 and set a buy rating on the stock in a report on Friday, May 10th. Barclays cut their price target on shares of Baidu from $138.00 to $133.00 and set an overweight rating on the stock in a report on Thursday, February 29th. Finally, StockNews.com cut shares of Baidu from a buy rating to a hold rating in a report on Saturday, March 23rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $162.00.

Baidu Stock Down 1.8 %

Shares of NASDAQ BIDU traded down $2.01 during mid-day trading on Friday, reaching $110.58. 6,269,999 shares of the company's stock traded hands, compared to its average volume of 3,474,104. The stock has a market cap of $38.77 billion, a P/E ratio of 14.33 and a beta of 0.68. The business has a 50-day simple moving average of $104.40 and a 200 day simple moving average of $108.20. Baidu has a 1-year low of $94.25 and a 1-year high of $156.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01.

Institutional Trading of Baidu

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in Baidu during the first quarter valued at about $31,000. Newbridge Financial Services Group Inc. bought a new position in shares of Baidu during the first quarter valued at about $32,000. Headinvest LLC purchased a new position in shares of Baidu in the third quarter worth about $36,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Baidu in the 4th quarter valued at about $42,000.

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.