Bank of Montreal Can Trims Position in Baidu, Inc. (NASDAQ:BIDU)

Bank of Montreal Can reduced its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 63.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,560 shares of the information services provider’s stock after selling 14,998 shares during the period. Bank of Montreal Can’s holdings in Baidu were worth $722,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC increased its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares during the period. Intellectus Partners LLC raised its stake in shares of Baidu by 1.4% during the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after acquiring an additional 235 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after purchasing an additional 270 shares during the period. Ignite Planners LLC boosted its holdings in shares of Baidu by 7.3% in the fourth quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock valued at $466,000 after purchasing an additional 376 shares during the period. Finally, SRN Advisors LLC increased its holdings in Baidu by 3.1% during the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock worth $1,332,000 after purchasing an additional 468 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho raised their price target on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.25.

Baidu Trading Up 0.1 %

Baidu stock opened at $82.59 on Monday. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The stock has a 50-day moving average price of $89.95 and a 200 day moving average price of $89.11. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33.

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.