Intellectus Partners LLC Reduces Stock Holdings in Baidu, Inc. $BIDU

Intellectus Partners LLC reduced its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,684 shares of the information services provider’s stock after selling 750 shares during the quarter. Intellectus Partners LLC’s holdings in Baidu were worth $1,517,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in shares of Baidu during the 1st quarter valued at about $29,000. Assetmark Inc. increased its holdings in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. CX Institutional increased its holdings in Baidu by 34.1% during the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock worth $61,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC increased its holdings in Baidu by 17.0% during the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock worth $80,000 after purchasing an additional 136 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Baidu by 1,166.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the information services provider’s stock worth $84,000 after purchasing an additional 898 shares during the last quarter.

Analyst Upgrades and Downgrades

BIDU has been the topic of several analyst reports. Daiwa Capital Markets set a $160.00 price objective on Baidu and gave the stock a “buy” rating in a report on Tuesday, October 14th. Barclays dropped their price objective on Baidu from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Arete upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Tuesday, September 16th. Nomura lifted their price objective on Baidu from $91.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Finally, Jefferies Financial Group lifted their price objective on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Baidu has an average rating of “Moderate Buy” and an average price target of $128.93.

Baidu Price Performance

Shares of BIDU opened at $120.87 on Monday. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 11.14 and a beta of 0.42. The stock has a 50 day moving average of $120.13 and a 200-day moving average of $98.91. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $149.51.

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.