Aviva PLC Cuts Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Aviva PLC lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,333 shares of the information services provider’s stock after selling 36,935 shares during the quarter. Aviva PLC’s holdings in Baidu were worth $4,918,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Denver PWM LLC raised its position in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC increased its position in shares of Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after buying an additional 235 shares in the last quarter. US Bancorp DE increased its position in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after buying an additional 270 shares in the last quarter. Ignite Planners LLC increased its position in Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock worth $466,000 after purchasing an additional 376 shares in the last quarter. Finally, SRN Advisors LLC increased its position in Baidu by 3.1% during the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock worth $1,332,000 after purchasing an additional 468 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on BIDU shares. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Mizuho lifted their price target on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $80.59 on Thursday. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $28.26 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The business has a 50 day simple moving average of $90.98 and a 200-day simple moving average of $90.29.

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.