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.



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