Kestra Private Wealth Services LLC Sells 723 Shares of Baidu, Inc. (NASDAQ:BIDU)

Kestra Private Wealth Services LLC lessened its position in Baidu, Inc. (NASDAQ:BIDU) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,084 shares of the information services provider’s stock after selling 723 shares during the period. Kestra Private Wealth Services LLC’s holdings in Baidu were worth $429,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after purchasing an additional 140 shares in the last quarter. Denver PWM LLC boosted its stake in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Baidu by 1.5% during the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after purchasing an additional 250 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Baidu by 6.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after purchasing an additional 357 shares in the last quarter. Finally, Ignite Planners LLC boosted its stake in shares of Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock valued at $466,000 after purchasing an additional 376 shares in the last quarter.

Baidu Stock Up 0.9 %

Shares of Baidu stock opened at $97.48 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The company has a 50-day simple moving average of $87.01 and a two-hundred day simple moving average of $88.71. Baidu, Inc. has a 52-week low of $77.19 and a 52-week high of $116.25. The stock has a market capitalization of $34.18 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. China Renaissance lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 25th. Citigroup dropped their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Finally, Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Baidu in a research note on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Baidu currently has an average rating of “Hold” and an average price target of $112.08.

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.