Merit Financial Group LLC Has $239,000 Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Merit Financial Group LLC lessened its stake in Baidu, Inc. (NASDAQ:BIDU) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,835 shares of the information services provider’s stock after selling 164 shares during the quarter. Merit Financial Group LLC’s holdings in Baidu were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BIDU. Primecap Management Co. CA raised its position in shares of Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after buying an additional 176,150 shares in the last quarter. Sanders Capital LLC increased its stake in Baidu by 0.7% in the third quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after acquiring an additional 18,334 shares during the last quarter. CoreView Capital Management Ltd raised its position in Baidu by 15.6% during the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after purchasing an additional 166,618 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after purchasing an additional 1,061,893 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Baidu in the 3rd quarter valued at $42,748,000.

Analyst Ratings Changes

BIDU has been the subject of a number of research analyst reports. Mizuho lowered their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Barclays downgraded Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research note on Monday, November 25th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.75.

Baidu Stock Performance

Shares of Baidu stock opened at $86.40 on Friday. The stock has a market cap of $30.30 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.90 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25. The company’s fifty day moving average is $84.95 and its 200 day moving average is $88.83.

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.