Commonwealth Equity Services LLC Sells 2,129 Shares of Baidu, Inc. (NASDAQ:BIDU)

Commonwealth Equity Services LLC cut its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,145 shares of the information services provider’s stock after selling 2,129 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Baidu were worth $1,867,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BIDU. Maple Rock Capital Partners Inc. bought a new position in Baidu during the 3rd quarter valued at about $42,748,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Baidu by 1,111.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after acquiring an additional 330,627 shares during the last quarter. Hhlr Advisors LTD. acquired a new position in shares of Baidu in the 3rd quarter worth approximately $31,587,000. SG Americas Securities LLC grew its position in Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after acquiring an additional 227,338 shares during the last quarter. Finally, Infini Capital Management Ltd raised its position in Baidu by 1,510.4% in the 4th quarter. Infini Capital Management Ltd now owns 180,360 shares of the information services provider’s stock valued at $15,206,000 after purchasing an additional 169,160 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BIDU. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Barclays upped their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Citigroup lowered their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Performance

Shares of Baidu stock opened at $93.37 on Friday. The stock’s fifty day simple moving average is $91.61 and its 200 day simple moving average is $90.33. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $32.74 billion, a PE ratio of 10.18, a PEG ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 12 month low of $77.20 and a 12 month high of $116.25.

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.