Mondrian Investment Partners LTD Sells 53,083 Shares of Baidu, Inc. (NASDAQ:BIDU)

Mondrian Investment Partners LTD trimmed its stake in Baidu, Inc. (NASDAQ:BIDU) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 548,911 shares of the information services provider’s stock after selling 53,083 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Baidu were worth $49,731,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Baidu in the fourth quarter valued at approximately $42,000. Sycomore Asset Management bought a new position in Baidu in the fourth quarter valued at approximately $51,000. World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter valued at approximately $72,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Baidu in the third quarter valued at approximately $82,000. Finally, Denver PWM LLC lifted its position in shares of Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the last quarter.

Baidu Trading Up 2.0 %

Shares of BIDU opened at $94.26 on Friday. Baidu, Inc. has a 52-week low of $77.20 and a 52-week high of $116.25. The business’s fifty day moving average is $88.14 and its 200-day moving average is $89.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.96 and a beta of 0.47.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BIDU shares. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Citigroup dropped their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.25.

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.