Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its holdings in Baidu, Inc. (NASDAQ:BIDU) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,035 shares of the information services provider’s stock after selling 150 shares during the quarter. Sunbelt Securities Inc.’s holdings in Baidu were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BIDU. Swedbank AB grew its position in Baidu by 4.8% during the 2nd quarter. Swedbank AB now owns 43,327 shares of the information services provider’s stock worth $3,747,000 after purchasing an additional 2,000 shares during the period. Blue Trust Inc. grew its holdings in Baidu by 9.0% during the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after acquiring an additional 171 shares during the period. Raymond James & Associates grew its holdings in Baidu by 31.4% during the second quarter. Raymond James & Associates now owns 14,368 shares of the information services provider’s stock worth $1,243,000 after acquiring an additional 3,432 shares during the period. Summit Global Investments purchased a new position in Baidu during the second quarter valued at approximately $1,189,000. Finally, Bank Hapoalim BM lifted its holdings in Baidu by 70.0% in the second quarter. Bank Hapoalim BM now owns 24,783 shares of the information services provider’s stock valued at $2,143,000 after acquiring an additional 10,208 shares during the period.

Baidu Stock Up 0.6 %

NASDAQ BIDU opened at $90.82 on Friday. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The business has a fifty day moving average price of $90.51 and a 200 day moving average price of $90.44. The company has a market cap of $31.85 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.19 and a beta of 0.46.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $130.00 to $97.00 in a research report on Friday, August 23rd. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Benchmark reduced their price target on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Baidu has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Company 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.