Commonwealth Equity Services LLC Sells 1,270 Shares of Baidu, Inc. (NASDAQ:BIDU)

Commonwealth Equity Services LLC cut its stake in shares of Baidu, Inc. (NASDAQ:BIDUFree Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,457 shares of the information services provider’s stock after selling 1,270 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Baidu were worth $2,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BIDU. Bruce G. Allen Investments LLC bought a new position in shares of Baidu during the fourth quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new stake in Baidu in the 1st quarter worth about $32,000. Headinvest LLC bought a new stake in Baidu in the 3rd quarter worth about $36,000. FNY Investment Advisers LLC bought a new stake in Baidu in the 4th quarter worth about $42,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Baidu in the 4th quarter worth about $48,000.

Baidu Stock Down 1.2 %

BIDU stock opened at $88.97 on Friday. Baidu, Inc. has a twelve month low of $85.08 and a twelve month high of $156.98. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. The stock has a market cap of $31.20 billion, a P/E ratio of 11.91 and a beta of 0.49. The business’s 50-day moving average price is $98.86 and its 200-day moving average price is $103.74.

Analyst Upgrades and Downgrades

BIDU has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Baidu in a report on Friday, May 17th. Susquehanna reduced their price objective on Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a report on Friday, May 24th. Loop Capital dropped their target price on Baidu from $155.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Macquarie cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Morgan Stanley cut Baidu from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $140.00 to $125.00 in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Baidu has an average rating of “Moderate Buy” and a consensus price target of $156.64.

Get Our Latest Analysis on BIDU

Baidu Company 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.

See Also

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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