Baidu, Inc. (NASDAQ:BIDU) Holdings Trimmed by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 22.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 847 shares of the information services provider’s stock after selling 243 shares during the period. Global Retirement Partners LLC’s holdings in Baidu were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sycomore Asset Management purchased a new position in Baidu during the 4th quarter worth approximately $51,000. Allspring Global Investments Holdings LLC grew its position in Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after purchasing an additional 593 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in Baidu during the 3rd quarter worth approximately $82,000. Denver PWM LLC grew its position in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares in the last quarter. Finally, Banco Santander S.A. purchased a new position in Baidu during the 3rd quarter worth approximately $201,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on BIDU shares. Mizuho lifted their price objective on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Citigroup decreased their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Finally, Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Down 2.1 %

BIDU stock opened at $86.44 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 1 year low of $77.19 and a 1 year high of $116.25. The company has a fifty day simple moving average of $87.13 and a 200 day simple moving average of $89.02. The firm has a market cap of $30.31 billion, a PE ratio of 9.43, a PEG ratio of 2.96 and a beta of 0.46.

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.