Baidu, Inc. (NASDAQ:BIDU) Position Trimmed by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 99.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792 shares of the information services provider’s stock after selling 549,743 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Baidu were worth $67,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. grew its stake in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after buying an additional 140 shares in the last quarter. Denver PWM LLC grew its stake in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after buying an additional 235 shares in the last quarter. US Bancorp DE grew its stake in shares of Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after buying an additional 270 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Baidu by 6.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after buying an additional 357 shares in the last quarter.

Baidu Stock Down 2.2 %

BIDU opened at $92.40 on Thursday. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 2.96 and a beta of 0.47. The business has a 50 day moving average of $87.91 and a 200-day moving average of $89.27.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BIDU. Barclays boosted their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Monday, November 25th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.25.

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.