New York State Common Retirement Fund Has $361,000 Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

New York State Common Retirement Fund reduced its stake in Baidu, Inc. (NASDAQ:BIDU) by 70.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,282 shares of the information services provider’s stock after selling 10,158 shares during the quarter. New York State Common Retirement Fund’s holdings in Baidu were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Sycomore Asset Management bought a new position in Baidu during the 4th quarter worth approximately $51,000. Allspring Global Investments Holdings LLC raised its stake in Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after buying an additional 593 shares during the last quarter. World Investment Advisors LLC acquired a new position in Baidu in the third quarter valued at $72,000. Transamerica Financial Advisors Inc. bought a new stake in Baidu during the third quarter valued at $82,000. Finally, Denver PWM LLC grew its holdings 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 acquiring an additional 220 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho raised 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. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Finally, Susquehanna cut shares of Baidu from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Performance

Shares of BIDU opened at $87.15 on Wednesday. The firm has a market capitalization of $30.56 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.96 and a beta of 0.46. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25. The stock has a 50 day moving average price of $87.03 and a two-hundred day moving average price of $89.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.