GMT Capital Corp Sells 197,900 Shares of Baidu, Inc. $BIDU

GMT Capital Corp trimmed its stake in Baidu, Inc. (NASDAQ:BIDU) by 76.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,127 shares of the information services provider’s stock after selling 197,900 shares during the period. Baidu makes up about 0.4% of GMT Capital Corp’s portfolio, making the stock its 24th biggest position. GMT Capital Corp’s holdings in Baidu were worth $7,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake in shares of Baidu by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock worth $2,628,000 after acquiring an additional 73 shares during the last quarter. Keel Point LLC lifted its stake in shares of Baidu by 1.7% during the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after acquiring an additional 84 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Baidu by 5.7% during the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock worth $213,000 after acquiring an additional 88 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Baidu by 25.9% during the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock worth $56,000 after acquiring an additional 88 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Baidu by 8.4% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after acquiring an additional 99 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BIDU shares. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Nomura raised their price target on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings lowered Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Morgan Stanley raised their price target on Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.58.

Baidu Trading Down 0.3%

BIDU opened at $115.77 on Friday. The stock’s fifty day moving average is $126.68 and its two-hundred day moving average is $129.85. The company has a market capitalization of $39.39 billion, a P/E ratio of -964.67, a PEG ratio of 1.98 and a beta of 0.54. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.