Lindbrook Capital LLC Lowers Holdings in Baidu, Inc. (NASDAQ:BIDU)

Lindbrook Capital LLC reduced its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 31.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 525 shares of the information services provider’s stock after selling 244 shares during the period. Lindbrook Capital LLC’s holdings in Baidu were worth $63,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its position in shares of Baidu by 7.0% during the 4th quarter. Nordea Investment Management AB now owns 347,788 shares of the information services provider’s stock worth $41,429,000 after purchasing an additional 22,797 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its position in shares of Baidu by 8.8% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after purchasing an additional 116,047 shares in the last quarter. Northern Trust Corp boosted its position in shares of Baidu by 1.2% in the 3rd quarter. Northern Trust Corp now owns 179,688 shares of the information services provider’s stock worth $24,141,000 after buying an additional 2,202 shares in the last quarter. Black Creek Investment Management Inc. boosted its position in shares of Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock worth $280,698,000 after buying an additional 63,239 shares in the last quarter. Finally, Bank Hapoalim BM purchased a new stake in shares of Baidu in the 4th quarter worth about $1,522,000.

Baidu Trading Up 0.7 %

Shares of BIDU stock opened at $99.90 on Friday. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98. The firm has a 50-day moving average price of $103.19 and a 200 day moving average price of $109.13. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $35.03 billion, a price-to-earnings ratio of 12.94 and a beta of 0.68.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays decreased their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. HSBC decreased their price objective on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup decreased their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Baidu Company Profile

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.