Baidu, Inc. (NASDAQ:BIDU) Stock Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in Baidu, Inc. (NASDAQ:BIDUGet Rating) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,660 shares of the information services provider’s stock after selling 2,982 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Baidu were worth $1,722,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIDU. E Fund Management Hong Kong Co. Ltd. lifted its position in Baidu by 134.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 162,243 shares of the information services provider’s stock worth $21,586,000 after buying an additional 93,158 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Baidu in the 1st quarter worth approximately $1,343,000. Cibc World Market Inc. lifted its position in Baidu by 25.8% in the 1st quarter. Cibc World Market Inc. now owns 5,499 shares of the information services provider’s stock worth $728,000 after buying an additional 1,127 shares in the last quarter. Ergoteles LLC purchased a new stake in Baidu in the 1st quarter worth approximately $5,593,000. Finally, Mackenzie Financial Corp increased its stake in shares of Baidu by 9.0% during the 1st quarter. Mackenzie Financial Corp now owns 139,904 shares of the information services provider’s stock worth $18,509,000 after purchasing an additional 11,518 shares during the last quarter. Hedge funds and other institutional investors own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

BIDU has been the topic of several analyst reports. Jefferies Financial Group dropped their price target on shares of Baidu from $217.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday. Loop Capital dropped their price target on shares of Baidu from $185.00 to $167.00 in a research note on Tuesday, December 6th. UBS Group dropped their price target on shares of Baidu from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, November 23rd. Benchmark dropped their price target on shares of Baidu from $270.00 to $200.00 in a research note on Wednesday, November 23rd. Finally, Mizuho lowered their target price on shares of Baidu from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, November 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.89.

Baidu Stock Performance

NASDAQ BIDU opened at $125.92 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a market capitalization of $43.51 billion, a price-to-earnings ratio of 77.25, a P/E/G ratio of 0.68 and a beta of 0.63. The company’s fifty day moving average is $113.31 and its two-hundred day moving average is $120.46. Baidu, Inc. has a 52-week low of $73.58 and a 52-week high of $171.87.

Baidu Company Profile

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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