Atria Wealth Solutions Inc. Sells 564 Shares of Baidu, Inc. (NASDAQ:BIDU)

Atria Wealth Solutions Inc. lowered its position in Baidu, Inc. (NASDAQ:BIDU) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,522 shares of the information services provider’s stock after selling 564 shares during the period. Atria Wealth Solutions Inc.’s holdings in Baidu were worth $297,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BIDU. Allspring Global Investments Holdings LLC raised its position in shares of Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Baidu by 24.4% in the 3rd quarter. Private Advisor Group LLC now owns 5,526 shares of the information services provider’s stock worth $582,000 after acquiring an additional 1,083 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Baidu in the 3rd quarter worth approximately $332,000. Janney Montgomery Scott LLC purchased a new stake in shares of Baidu in the 3rd quarter worth approximately $1,201,000. Finally, Atria Investments Inc purchased a new stake in shares of Baidu in the 3rd quarter worth approximately $216,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BIDU. Citigroup cut their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Finally, Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $111.25.

Baidu Stock Performance

Shares of BIDU opened at $86.44 on Friday. The business’s fifty day simple moving average is $87.13 and its two-hundred day simple moving average is $89.02. 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 12 month low of $77.19 and a 12 month high of $116.25. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 2.96 and a beta of 0.46.

About Baidu

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.