Economy

Baidu, Inc. (BIDU) Shares Down 2.1% on Analyst Downgrade

Pictet Asset Management Ltd. boosted its stake in shares of Baidu Inc. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.6, indicating analysts in general look favorably on the company's future prospects. Calamos Advisors LLC's holdings in Baidu were worth $11,620,000 at the end of the most recent quarter.

Other equities analysts also recently issued research reports about the company. Baillie Gifford & Co. boosted its position in Baidu by 0.3% in the second quarter.

Baidu, Inc. (NASDAQ:BIDU) was down -1.23% (-$2.95) to $236.42 and showed a volume of 5.11 mln shares. Finally, Integrated Investment Consultants LLC bought a new stake in Baidu during the 2nd quarter valued at $152,000.

Highline Capital Management Llc, which manages about $3.04B and $3.16B US Long portfolio, decreased its stake in Novocure Ltd by 59,900 shares to 1.74 million shares, valued at $30.03 million in 2017Q2, according to the filing. Andra AP fonden now owns 113,600 shares of the information services provider's stock valued at $28,138,000 after buying an additional 2,200 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in Baidu in the 2nd quarter worth approximately $124,000. Ltd. acquired a new position in Baidu in the 3rd quarter valued at about $53,809,000. 0 analysts gave its stock an Outperform rating. Baidu had 52 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained the shares of GLNG in report on Monday, June 26 with "Buy" rating. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: "3 Stocks to Watch on Friday: Baidu Inc (ADR) (BIDU), Gilead Sciences, Inc ..." published on October 27, 2017 as well as Investorplace.com's news article titled: "Baidu Inc (ADR) (BIDU) Stock Still Has Plenty of Upside" with publication date: October 16, 2017. Finally, Instinet raised shares of Baidu from a "neutral" rating to a "buy" rating and lifted their price target for the company from $180.00 to $241.00 in a report on Monday, July 31st.

Baidu, Inc. (NASDAQ:BIDU) received a Buy rating from 3 analysts. J P Morgan Chase & Co cut their price target on Baidu from $230.00 to $225.00 and set a "neutral" rating for the company in a research note on Monday. International Value Advisers Llc who had been investing in Baidu Inc. If you are accessing this news story on another website, it was illegally copied and reposted in violation of USA & global copyright and trademark legislation.

Baidu, Inc. (NASDAQ:BIDU) gross margin percentage stands at 47.7% while its operating margin for the past trailing twelve month is 15.1 percent and its overall profit margin (ttm) is 17.3 Percent.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 18.73%, and has a solid year to date (YTD) performance of 43.8% which means that the stock is constantly adding to its value from the previous fiscal year end price. 3,059,466 shares of the stock were exchanged. Baidu Inc. has a one year low of $139.61 and a one year high of $217.97. 3,571,062 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 3,037,510 shares.



Like this

loading...
loading...

Latest


01 November 2017
Credit Suisse Upgrades Rating Raises Price Target On Restaurant Brands International (QSR)
Additionally Restaurant Brands International recently declared a dividend that will be paid on Wednesday the 3rd of January 2018. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

01 November 2017
Stock is down at $46.80 (ZION) Zions Bancorporation Board Declares…
Following the acquisition, the director now directly owns 42,001 shares of the company's stock, valued at $1,847,623.99. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

01 November 2017
Seagate Technology PLC (STX) Given Average Rating of "Hold" by Analysts
The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions. Following the sale, the director now directly owns 3,316 shares of the company's stock, valued at approximately $129,357.16.

01 November 2017
Canadian Solar Inc. (NASDAQ:CSIQ) Sees Unusual Trading Volume in Its Shares
According to the recommendations from 1 analysts stock has mean rating of 1 on the shares of Amedica Corporation (NASDAQ:AMDA). For the past 5 years, the company's revenue has grown -8.4%, while the company's earnings per share has grown 23.1%.

01 November 2017
Metal Gear Solid V: The Phantom Pain Gets a PS4 Pro Patch
As a reminder, Metal Gear Solid V: The Phantom Pain is one of the PlayStation Plus Instant Game LIbrary games for October 2017. The Phantom Pain was a cross-generation game and it remains one of the rare open world games to render at 1080p with 60 fps.

01 November 2017
Walmart is upping its holiday game this year, here's how
Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. August 15 investment analysts at Citigroup held the stock rating at "Neutral" but raised the price target to $80.00 from $69.00.

01 November 2017
Samsung Electronics Logged a Record of $10.0 Billion for the Q3
Samsung Electronics operates the world's largest semi-conductor plant and is upgrading many of its production line. It is the first time in the history of the company that it has separated the roles of board Chairman and CEO.

01 November 2017
EPA to Announce List of Appointees to Its Science Advisory Board
The advisory boards were created by Congress to serve as a check on EPA policies and research. He said EPA's science boards would now better reflect the views of rural states like his own.

01 November 2017
How major U.S. stock indexes fared on Tuesday
About 6.8 billion shares changed hands in USA exchanges, above the 6.1 billion daily average over the last 20 sessions. More attention is on President Donald Trump's choice for the next chairman of the Federal Reserve.

01 November 2017
Tom Brady spends Halloween dressed as an avocado
My wife bought it". 'I'm going to bring it every single day, like I've tried to do the last 18 years'. Given Brady's penchant for avocado ice cream, his costume is certainly fitting.