Cerity Partners LLC Has $415,000 Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Cerity Partners LLC cut its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,487 shares of the information services provider’s stock after selling 1,021 shares during the period. Cerity Partners LLC’s holdings in Baidu were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BIDU. CWM LLC raised its position in shares of Baidu by 8.7% during the third quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock worth $214,000 after purchasing an additional 127 shares during the period. Caprock Group LLC acquired a new position in Baidu during the third quarter valued at $344,000. Handelsbanken Fonder AB raised its position in Baidu by 0.5% during the third quarter. Handelsbanken Fonder AB now owns 224,239 shares of the information services provider’s stock valued at $30,127,000 after buying an additional 1,075 shares during the period. Commonwealth Equity Services LLC raised its position in Baidu by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 31,478 shares of the information services provider’s stock valued at $4,229,000 after buying an additional 794 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in Baidu during the third quarter valued at $2,086,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays dropped their price target on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Citigroup dropped their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, HSBC lowered their target price on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and fifteen 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 price target of $171.64.

Baidu Stock Performance

BIDU opened at $99.90 on Friday. The company has a market cap of $35.03 billion, a PE ratio of 12.94 and a beta of 0.68. The stock has a 50-day moving average of $103.19 and a 200-day moving average of $109.13. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01.

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.