UBS Group downgraded shares of Baidu (NASDAQ:BIDU) from a buy rating to a neutral rating in a report released on Monday, Briefing.com Automated Import reports.

BIDU has been the subject of several other research reports. KeyCorp set a $220.00 price objective on Baidu and gave the stock an overweight rating in a research report on Tuesday, April 23rd. They noted that the move was a valuation call. Daiwa Capital Markets set a $215.00 price objective on Baidu and gave the stock a buy rating in a research report on Friday, March 8th. ValuEngine raised Baidu from a sell rating to a hold rating in a research report on Thursday, April 4th. BidaskClub cut Baidu from a hold rating to a sell rating in a research report on Tuesday, April 16th. Finally, Oppenheimer cut their price objective on Baidu from $230.00 to $210.00 and set an outperform rating for the company in a research report on Monday, January 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Baidu currently has an average rating of Hold and an average target price of $196.13.

NASDAQ BIDU opened at $113.46 on Monday. Baidu has a twelve month low of $113.30 and a twelve month high of $274.00. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The stock has a market cap of $42.09 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 3.88 and a beta of 1.44.

Baidu declared that its board has approved a stock repurchase plan on Thursday, May 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information services provider to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in Baidu in the 4th quarter valued at approximately $26,000. First Personal Financial Services raised its holdings in Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Regal Wealth Group Inc. acquired a new position in Baidu in the 4th quarter valued at approximately $32,000. Rational Advisors LLC raised its holdings in Baidu by 1,400.0% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 196 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new position in Baidu in the 4th quarter valued at approximately $33,000. 59.80% of the stock is owned by hedge funds and other institutional investors.

About Baidu

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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