Baidu, Inc. (NASDAQ:BIDU) Position Lessened by Shah Capital Management

Shah Capital Management lessened its holdings in Baidu, Inc. (NASDAQ:BIDU) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,656 shares of the information services provider’s stock after selling 344 shares during the period. Baidu accounts for approximately 2.8% of Shah Capital Management’s portfolio, making the stock its 7th largest holding. Shah Capital Management’s holdings in Baidu were worth $13,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Grove Bank & Trust raised its position in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after buying an additional 130 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after buying an additional 140 shares in the last quarter. Denver PWM LLC raised 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 worth $104,000 after buying an additional 220 shares in the last quarter. Intellectus Partners LLC raised its position in shares of Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after buying an additional 250 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Baidu by 6.9% in the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock worth $586,000 after buying an additional 357 shares in the last quarter.

Baidu Stock Up 4.6 %

Shares of NASDAQ:BIDU opened at $86.40 on Monday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $30.30 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.90 and a beta of 0.46. Baidu, Inc. has a 12-month low of $77.19 and a 12-month high of $116.25. The stock’s 50-day moving average price is $84.95 and its 200-day moving average price is $88.79.

Analyst Ratings Changes

BIDU has been the topic of a number of research reports. Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $85.00 in a research report on Monday, November 25th. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $130.00 price target on shares of Baidu in a research report on Friday. Finally, Mizuho lowered their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Baidu presently has a consensus rating of “Hold” and an average price target of $113.75.

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.