Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 113,363 shares of the information services provider’s stock after selling 7,255 shares during the quarter. Wellington Management Group LLP’s holdings in Baidu were worth $13,500,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of Baidu by 4.2% in the third quarter. LPL Financial LLC now owns 44,523 shares of the information services provider’s stock valued at $5,982,000 after buying an additional 1,807 shares during the period. Mariner LLC lifted its holdings in shares of Baidu by 9.2% in the third quarter. Mariner LLC now owns 8,988 shares of the information services provider’s stock valued at $1,208,000 after buying an additional 755 shares during the period. Northern Trust Corp lifted its holdings in shares of Baidu by 1.2% in the third quarter. Northern Trust Corp now owns 179,688 shares of the information services provider’s stock valued at $24,141,000 after buying an additional 2,202 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Baidu by 13.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 8,201 shares of the information services provider’s stock valued at $1,102,000 after buying an additional 964 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Baidu by 66,577.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the information services provider’s stock valued at $806,000 after buying an additional 5,992 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BIDU. Macquarie lowered Baidu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Loop Capital reduced their target price on Baidu from $155.00 to $130.00 and set a “buy” rating for the company in a report on Friday, June 21st. Mizuho reduced their target price on Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 10th. Barclays reduced their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Baidu currently has an average rating of “Moderate Buy” and a consensus price target of $156.64.

Baidu Stock Performance

Shares of BIDU stock opened at $88.22 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.79 and a quick ratio of 2.79. Baidu, Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $156.98. The stock’s 50-day moving average is $100.38 and its two-hundred day moving average is $105.02. The firm has a market cap of $30.93 billion, a P/E ratio of 11.81 and a beta of 0.52.

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.