Baidu Inc (NASDAQ:BIDU) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $174.66 and last traded at $180.75, with a volume of 196383 shares changing hands. The stock had previously closed at $182.66.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group set a $246.00 price objective on shares of Baidu and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BidaskClub lowered shares of Baidu from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Finally, Nomura cut their price objective on shares of Baidu from $283.00 to $206.00 and set a “neutral” rating for the company in a report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $277.15.

The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $62.66 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.96 and a beta of 1.60.

Several hedge funds and other institutional investors have recently bought and sold shares of BIDU. Capital International Investors bought a new position in shares of Baidu during the 3rd quarter valued at approximately $517,631,000. BlackRock Inc. boosted its position in shares of Baidu by 11.6% during the 3rd quarter. BlackRock Inc. now owns 15,768,108 shares of the information services provider’s stock valued at $3,605,851,000 after acquiring an additional 1,642,559 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Baidu by 31,003.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,103,867 shares of the information services provider’s stock valued at $1,547,000 after acquiring an additional 1,100,318 shares during the last quarter. Waddell & Reed Financial Inc. bought a new position in shares of Baidu during the 2nd quarter valued at approximately $222,598,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Baidu by 7,598.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 916,194 shares of the information services provider’s stock valued at $209,516,000 after acquiring an additional 904,293 shares during the last quarter. Hedge funds and other institutional investors own 60.81% of the company’s stock.

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Baidu Company Profile (NASDAQ:BIDU)

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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