Atria Wealth Solutions Inc. Reduces Stake in Baidu, Inc. (NASDAQ:BIDU)

Atria Wealth Solutions Inc. reduced its position in Baidu, Inc. (NASDAQ:BIDU) by 13.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,522 shares of the information services provider’s stock after selling 564 shares during the period. Atria Wealth Solutions Inc.’s holdings in Baidu were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BIDU. Maple Rock Capital Partners Inc. purchased a new position in shares of Baidu in the 3rd quarter worth $42,748,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Baidu in the 3rd quarter worth $36,272,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock worth $30,317,000 after purchasing an additional 330,627 shares during the period. Hhlr Advisors LTD. bought a new position in Baidu in the 3rd quarter worth $31,587,000. Finally, SG Americas Securities LLC raised its holdings in Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after purchasing an additional 227,338 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently commented on BIDU. Citigroup decreased their target price on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Mizuho raised their target price on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Barclays raised their target price on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Trading Down 2.1 %

Shares of Baidu stock opened at $86.44 on Friday. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 2.96 and a beta of 0.46. The business has a 50-day moving average price of $87.13 and a 200-day moving average price of $89.02. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25.

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.