Baidu, Inc. $BIDU Shares Sold by M&G PLC

M&G PLC cut its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 87.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 76,449 shares of the information services provider’s stock after selling 511,151 shares during the period. M&G PLC’s holdings in Baidu were worth $6,575,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in shares of Baidu in the first quarter valued at $29,000. Assetmark Inc. raised its position in Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after acquiring an additional 192 shares during the last quarter. Winthrop Capital Management LLC acquired a new position in Baidu during the second quarter worth about $39,000. CX Institutional lifted its holdings in shares of Baidu by 34.1% in the second quarter. CX Institutional now owns 715 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Baidu by 17.0% in the second quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock valued at $80,000 after purchasing an additional 136 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on BIDU. Barclays cut their price objective on Baidu from $84.00 to $81.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Zephirin Group initiated coverage on Baidu in a research note on Monday, September 15th. They set a “sell” rating and a $92.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, November 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Baidu in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Baidu presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Baidu Trading Down 2.3%

BIDU stock opened at $128.94 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market cap of $44.54 billion, a price-to-earnings ratio of 11.88 and a beta of 0.43. The business has a fifty day simple moving average of $125.47 and a 200-day simple moving average of $101.12. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $149.51.

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.