Baidu, Inc. (NASDAQ:BIDU) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in Baidu, Inc. (NASDAQ:BIDU) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,524 shares of the information services provider’s stock after selling 1,038 shares during the quarter. First Trust Advisors LP’s holdings in Baidu were worth $4,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Intellectus Partners LLC boosted its position in Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after buying an additional 235 shares during the period. US Bancorp DE raised its stake in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after acquiring an additional 270 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 308 shares during the period. Ignite Planners LLC grew its stake in Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock worth $466,000 after purchasing an additional 376 shares in the last quarter. Finally, SRN Advisors LLC increased its holdings in Baidu by 3.1% during the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock worth $1,332,000 after purchasing an additional 468 shares during the period.

Baidu Stock Up 2.3 %

Shares of Baidu stock opened at $89.96 on Friday. The company has a market cap of $31.08 billion, a P/E ratio of 9.81, a PEG ratio of 2.96 and a beta of 0.33. The firm has a fifty day moving average of $89.15 and a two-hundred day moving average of $88.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Barclays lowered their price target on shares of Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Finally, Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Baidu presently has a consensus rating of “Hold” and a consensus price target of $110.83.

About Baidu

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.