Highland Capital Management LLC Sells 150 Shares of Baidu, Inc. (NASDAQ:BIDU)

Highland Capital Management LLC cut its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,640 shares of the information services provider’s stock after selling 150 shares during the period. Highland Capital Management LLC’s holdings in Baidu were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Baidu in the fourth quarter valued at about $25,000. Headinvest LLC bought a new stake in shares of Baidu in the third quarter valued at about $36,000. FNY Investment Advisers LLC bought a new stake in shares of Baidu in the fourth quarter valued at about $42,000. ING Groep NV lifted its holdings in shares of Baidu by 103.2% in the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Baidu by 36.4% in the second quarter. Huntington National Bank now owns 446 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 119 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BIDU. Benchmark reaffirmed a “buy” rating and issued a $210.00 target price on shares of Baidu in a research report on Monday, December 18th. Barclays lowered their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.69.

Baidu Trading Up 1.3 %

Shares of NASDAQ:BIDU opened at $104.99 on Thursday. The business’s 50 day simple moving average is $104.84 and its 200 day simple moving average is $113.66. The company has a market capitalization of $36.28 billion, a P/E ratio of 13.60 and a beta of 0.68. Baidu, Inc. has a 1 year low of $96.58 and a 1 year high of $160.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01.

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.