Cwm LLC Sells 131 Shares of Baidu, Inc. (NASDAQ:BIDU)

Cwm LLC decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,353 shares of the information services provider’s stock after selling 131 shares during the quarter. Cwm LLC’s holdings in Baidu were worth $142,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC acquired a new stake in Baidu during the 1st quarter worth $559,000. Wealth Enhancement Advisory Services LLC increased its holdings in Baidu by 28.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the information services provider’s stock valued at $619,000 after purchasing an additional 1,307 shares during the last quarter. Mirador Capital Partners LP bought a new position in Baidu during the first quarter worth about $213,000. Cullinan Associates Inc. acquired a new position in shares of Baidu during the 1st quarter worth about $569,000. Finally, Naviter Wealth LLC increased its stake in shares of Baidu by 44.5% in the 1st quarter. Naviter Wealth LLC now owns 6,367 shares of the information services provider’s stock valued at $670,000 after acquiring an additional 1,962 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on BIDU shares. Citigroup reduced their price objective on shares of Baidu from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Dbs Bank lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Jefferies Financial Group dropped their price objective on Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Bank of America decreased their target price on Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.36.

Baidu Price Performance

NASDAQ BIDU opened at $89.48 on Friday. The firm’s 50 day moving average is $92.19 and its 200-day moving average is $94.65. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $31.38 billion, a PE ratio of 11.98 and a beta of 0.49. Baidu, Inc. has a 12-month low of $79.68 and a 12-month high of $126.23.

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.