Laird Norton Wetherby Wealth Management LLC Has $241,000 Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Laird Norton Wetherby Wealth Management LLC decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,855 shares of the information services provider’s stock after selling 141 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Baidu were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Dodge & Cox lifted its holdings in Baidu by 0.4% during the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock valued at $498,796,000 after purchasing an additional 22,000 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider’s stock valued at $203,213,000 after purchasing an additional 207,966 shares during the last quarter. Appaloosa LP lifted its holdings in Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after purchasing an additional 102,909 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Baidu by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider’s stock valued at $113,845,000 after purchasing an additional 4,236 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Baidu by 14.1% during the 4th quarter. Bank of America Corp DE now owns 913,466 shares of the information services provider’s stock valued at $77,014,000 after purchasing an additional 112,680 shares during the last quarter.

Baidu Stock Up 0.2%

Shares of NASDAQ BIDU opened at $89.34 on Friday. 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 52 week low of $74.71 and a 52 week high of $116.25. The stock has a market capitalization of $30.86 billion, a P/E ratio of 9.74, a PEG ratio of 2.96 and a beta of 0.37. The stock’s fifty day moving average is $89.03 and its 200 day moving average is $88.02.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BIDU. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.83.

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.