Baidu, Inc. $BIDU Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 25.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,549 shares of the information services provider’s stock after selling 852 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Baidu were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BIDU. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Baidu by 1,377.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider’s stock worth $490,035,000 after purchasing an additional 4,964,350 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Baidu during the second quarter worth $80,618,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Baidu by 319.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider’s stock worth $74,298,000 after purchasing an additional 615,061 shares during the period. Triata Capital Ltd raised its holdings in shares of Baidu by 193.9% during the first quarter. Triata Capital Ltd now owns 568,432 shares of the information services provider’s stock worth $52,313,000 after purchasing an additional 375,007 shares during the period. Finally, Mondrian Investment Partners LTD raised its holdings in shares of Baidu by 41.7% during the first quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock worth $71,556,000 after purchasing an additional 228,623 shares during the period.

Baidu Stock Performance

Shares of BIDU opened at $122.76 on Friday. The firm has a 50-day moving average price of $116.49 and a 200 day moving average price of $97.18. The firm has a market capitalization of $42.41 billion, a PE ratio of 11.31 and a beta of 0.42. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $149.51.

Analysts Set New Price Targets

Several research firms have recently commented on BIDU. Weiss Ratings restated a “hold (c)” rating on shares of Baidu in a research report on Friday. Zacks Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Daiwa Capital Markets set a $160.00 price target on shares of Baidu and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Zephirin Group began coverage on shares of Baidu in a research report on Monday, September 15th. They set a “sell” rating and a $92.00 price target for the company. Finally, Arete Research upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Baidu has an average rating of “Moderate Buy” and an average target price of $128.93.

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.