Whittier Trust Co. of Nevada Inc. Sells 1,222 Shares of Baidu, Inc. (NASDAQ:BIDU)

Whittier Trust Co. of Nevada Inc. reduced its stake in Baidu, Inc. (NASDAQ:BIDU) by 68.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 559 shares of the information services provider’s stock after selling 1,222 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Baidu were worth $59,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Baidu in the 1st quarter valued at about $31,000. iA Global Asset Management Inc. bought a new position in Baidu in the 2nd quarter valued at about $52,000. Denver PWM LLC bought a new position in Baidu in the 2nd quarter valued at about $67,000. Allspring Global Investments Holdings LLC grew its position in shares of 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. Finally, Grove Bank & Trust grew its position in shares of Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares in the last quarter.

Baidu Stock Performance

Shares of Baidu stock opened at $89.48 on Friday. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $31.38 billion, a P/E ratio of 11.98 and a beta of 0.49. The company’s 50 day moving average price is $92.19 and its two-hundred day moving average price is $94.65.

Analyst Upgrades and Downgrades

BIDU has been the topic of a number of analyst reports. Benchmark decreased their target price on shares of Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group decreased their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Barclays decreased their target price on shares of Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Bank of America decreased their target price on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Finally, Susquehanna decreased their target price on shares of Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.36.

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.