Atria Wealth Solutions Inc. Sells 2,350 Shares of Baidu, Inc. (NASDAQ:BIDU)

Atria Wealth Solutions Inc. trimmed its holdings in Baidu, Inc. (NASDAQ:BIDU) by 27.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,226 shares of the information services provider’s stock after selling 2,350 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Baidu were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BIDU. Harvest Fund Management Co. Ltd increased its holdings in shares of Baidu by 4,954.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 37,100 shares of the information services provider’s stock worth $4,407,000 after purchasing an additional 36,366 shares during the period. New York State Common Retirement Fund increased its stake in Baidu by 20.0% during the fourth quarter. New York State Common Retirement Fund now owns 58,877 shares of the information services provider’s stock valued at $7,012,000 after acquiring an additional 9,800 shares during the period. Jennison Associates LLC raised its holdings in Baidu by 54.5% in the 4th quarter. Jennison Associates LLC now owns 85,306 shares of the information services provider’s stock valued at $10,159,000 after acquiring an additional 30,103 shares in the last quarter. Waterfront Wealth Inc. lifted its position in shares of Baidu by 23.7% in the 4th quarter. Waterfront Wealth Inc. now owns 11,841 shares of the information services provider’s stock worth $1,410,000 after acquiring an additional 2,265 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in shares of Baidu during the 4th quarter worth approximately $258,000.

Baidu Trading Up 1.5 %

BIDU opened at $113.41 on Friday. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98. The firm has a market cap of $39.77 billion, a PE ratio of 14.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The firm’s fifty day moving average is $102.97 and its two-hundred day moving average is $108.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BIDU shares. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. HSBC dropped their price objective on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Citigroup decreased their target price on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, Barclays dropped their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.64.

About Baidu

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.