Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Earnest Partners LLC

Earnest Partners LLC cut its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 682,679 shares of the information services provider’s stock after selling 1,739 shares during the quarter. Earnest Partners LLC owned 0.19% of Baidu worth $71,872,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BIDU. Crewe Advisors LLC purchased a new stake in shares of Baidu in the first quarter valued at about $31,000. Newbridge Financial Services Group Inc. acquired a new stake in Baidu during the 1st quarter valued at $32,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Baidu during the 4th quarter valued at $48,000. Silicon Valley Capital Partners acquired a new position in shares of Baidu in the first quarter worth $53,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Baidu in the fourth quarter valued at $66,000.

Baidu Trading Up 1.7 %

Shares of Baidu stock traded up $1.52 during trading hours on Monday, reaching $90.50. The stock had a trading volume of 2,876,740 shares, compared to its average volume of 3,531,844. The firm has a market capitalization of $31.73 billion, a price-to-earnings ratio of 11.91 and a beta of 0.49. Baidu, Inc. has a 1 year low of $85.08 and a 1 year high of $156.98. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $93.69 and a two-hundred day simple moving average of $101.05.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Baidu from $179.00 to $174.00 and set a “buy” rating for the company in a research report on Monday, July 15th. HSBC cut their price objective on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Bank of America decreased their target price on shares of Baidu from $140.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Citigroup cut their price target on Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Mizuho decreased their price objective on Baidu from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.60.

Baidu Profile

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.