Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,101 shares of the information services provider’s stock after selling 274 shares during the quarter. Signaturefd LLC’s holdings in Baidu were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIDU. Robeco Institutional Asset Management B.V. boosted its stake in Baidu by 87.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,190,389 shares of the information services provider’s stock worth $159,929,000 after purchasing an additional 556,891 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its position in shares of Baidu by 25.7% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,322,669 shares of the information services provider’s stock valued at $175,187,000 after acquiring an additional 270,187 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Baidu by 15.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock valued at $241,076,000 after acquiring an additional 238,374 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Baidu by 63.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 288,573 shares of the information services provider’s stock valued at $38,770,000 after acquiring an additional 111,755 shares during the last quarter. Finally, CI Investments Inc. acquired a new position in shares of Baidu during the 3rd quarter valued at about $14,916,000.

Baidu Stock Up 0.7 %

Shares of NASDAQ:BIDU opened at $99.90 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $35.03 billion, a PE ratio of 12.94 and a beta of 0.68. The firm’s 50-day moving average is $103.19 and its two-hundred day moving average is $109.13. Baidu, Inc. has a 1 year low of $94.25 and a 1 year high of $156.98.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BIDU shares. HSBC lowered their price target 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 lowered their price target 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. Barclays lowered their price target 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. Finally, StockNews.com cut shares of 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 fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Baidu presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

Baidu 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.