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

Amundi decreased its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,545 shares of the information services provider’s stock after selling 574 shares during the quarter. Amundi’s holdings in Baidu were worth $451,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BIDU. Rialto Wealth Management LLC acquired a new stake in Baidu in the 4th quarter valued at about $42,000. Intellectus Partners LLC lifted its holdings in 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 acquiring an additional 235 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Baidu by 18.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,528 shares of the information services provider’s stock valued at $466,000 after acquiring an additional 845 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Baidu in the 4th quarter valued at about $961,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Baidu in the 4th quarter valued at about $256,000.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of research analyst reports. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a report on Monday, November 25th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Citigroup cut their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Performance

BIDU opened at $94.27 on Friday. The business has a fifty day simple moving average of $89.71 and a 200 day simple moving average of $89.78. The company has a market capitalization of $33.06 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

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.