Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Baidu, Inc. (NASDAQ:BIDU) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,882,122 shares of the information services provider’s stock after selling 235,725 shares during the period. Robeco Institutional Asset Management B.V. owned 0.54% of Baidu worth $158,682,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BIDU. Bank of Montreal Can increased its position in Baidu by 119.6% in the second quarter. Bank of Montreal Can now owns 22,381 shares of the information services provider’s stock worth $1,936,000 after buying an additional 12,188 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Baidu by 90.9% during the second quarter. Mackenzie Financial Corp now owns 10,646 shares of the information services provider’s stock valued at $921,000 after purchasing an additional 5,070 shares during the period. Creative Planning increased its holdings in shares of Baidu by 84.5% during the second quarter. Creative Planning now owns 48,078 shares of the information services provider’s stock valued at $4,158,000 after purchasing an additional 22,020 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Baidu by 4.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,717 shares of the information services provider’s stock valued at $1,013,000 after purchasing an additional 465 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Baidu during the second quarter valued at $606,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIDU. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Mizuho lowered their target price on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Citigroup lowered 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. Finally, Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Baidu has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Up 3.5 %

Shares of NASDAQ BIDU opened at $91.61 on Wednesday. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.90 and a beta of 0.46. The business has a 50 day simple moving average of $85.01 and a 200 day simple moving average of $88.64. Baidu, Inc. has a 52 week low of $77.19 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

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.