Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,226 shares of the information services provider’s stock after selling 2,350 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Baidu were worth $741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kingsview Wealth Management LLC increased its stake in shares of Baidu by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock worth $255,000 after buying an additional 113 shares during the last quarter. Financial Counselors Inc. increased its position in shares of Baidu by 8.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after purchasing an additional 140 shares during the last quarter. Ignite Planners LLC raised its stake in shares of Baidu by 4.9% in the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock valued at $421,000 after purchasing an additional 171 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Baidu by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after purchasing an additional 195 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Baidu by 14.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the information services provider’s stock worth $186,000 after purchasing an additional 201 shares in the last quarter.

Baidu Stock Up 1.5 %

BIDU opened at $113.41 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. Baidu, Inc. has a 12 month low of $94.25 and a 12 month high of $156.98. The stock’s 50 day moving average price is $102.97 and its 200 day moving average price is $108.23. The stock has a market cap of $39.77 billion, a P/E ratio of 14.69 and a beta of 0.68.

Wall Street Analyst Weigh In

A number of research analysts have commented on BIDU shares. Citigroup reduced their target price on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. HSBC lowered their target price on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Barclays decreased their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.