First Trust Advisors LP decreased its holdings in Baidu Inc (NASDAQ:BIDU) by 11.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 409,225 shares of the information services provider’s stock after selling 55,315 shares during the period. First Trust Advisors LP’s holdings in Baidu were worth $64,903,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of Baidu by 2.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 981,953 shares of the information services provider’s stock valued at $224,553,000 after purchasing an additional 21,907 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Baidu by 21.4% in the 3rd quarter. MML Investors Services LLC now owns 14,747 shares of the information services provider’s stock valued at $3,372,000 after purchasing an additional 2,604 shares in the last quarter. Regal Wealth Group Inc. purchased a new stake in shares of Baidu in the 4th quarter valued at $32,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Baidu by 2,488.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,579 shares of the information services provider’s stock valued at $361,000 after purchasing an additional 1,518 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in shares of Baidu by 58.9% in the 3rd quarter. HL Financial Services LLC now owns 3,382 shares of the information services provider’s stock valued at $773,000 after purchasing an additional 1,253 shares in the last quarter. 60.67% of the stock is owned by institutional investors.
NASDAQ:BIDU opened at $171.81 on Friday. Baidu Inc has a 52 week low of $153.78 and a 52 week high of $284.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $59.36 billion, a P/E ratio of 21.32, a PEG ratio of 1.04 and a beta of 1.52.
BIDU has been the subject of a number of research reports. TheStreet cut shares of Baidu from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Morgan Stanley lowered shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a report on Tuesday, January 8th. Credit Suisse Group set a $246.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Sunday, December 30th. KeyCorp set a $236.00 price target on shares of Baidu and gave the company a “positive” rating in a report on Wednesday, January 23rd. Finally, UBS Group set a $220.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $252.87.
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Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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