US Bancorp DE Lowers Stake in Baidu, Inc. (NASDAQ:BIDU)

US Bancorp DE cut its position in Baidu, Inc. (NASDAQ:BIDUFree Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,440 shares of the information services provider’s stock after selling 542 shares during the period. US Bancorp DE’s holdings in Baidu were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC increased its stake in Baidu by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after buying an additional 110 shares in the last quarter. Ignite Planners LLC boosted its stake in Baidu by 4.9% in the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock worth $421,000 after purchasing an additional 171 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Baidu by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock valued at $547,000 after buying an additional 195 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Baidu by 14.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the information services provider’s stock valued at $186,000 after buying an additional 201 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Baidu by 5.2% in the fourth quarter. Private Advisor Group LLC now owns 4,207 shares of the information services provider’s stock worth $501,000 after buying an additional 207 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BIDU. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Baidu in a research note on Friday, May 17th. HSBC decreased their target price on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Susquehanna reduced their price objective on Baidu from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Friday, May 24th. Macquarie downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Mizuho decreased their price target on shares of Baidu from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.93.

Check Out Our Latest Stock Analysis on Baidu

Baidu Stock Performance

Shares of Baidu stock opened at $97.40 on Thursday. Baidu, Inc. has a 52 week low of $94.25 and a 52 week high of $156.98. The company has a market capitalization of $34.15 billion, a PE ratio of 13.04 and a beta of 0.52. The stock’s fifty day moving average is $103.58 and its two-hundred day moving average is $107.53. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25.

Baidu Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.