Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. reduced its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 35.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,232 shares of the information services provider’s stock after selling 4,529 shares during the period. Cohen Capital Management Inc.’s holdings in Baidu were worth $694,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BIDU. North of South Capital LLP grew its holdings in Baidu by 18.9% during the fourth quarter. North of South Capital LLP now owns 614,847 shares of the information services provider’s stock worth $51,838,000 after acquiring an additional 97,549 shares during the period. Mcdonald Partners LLC boosted its position in Baidu by 41.8% in the 4th quarter. Mcdonald Partners LLC now owns 4,114 shares of the information services provider’s stock worth $347,000 after purchasing an additional 1,212 shares in the last quarter. Sycomore Asset Management acquired a new stake in shares of Baidu during the 4th quarter worth approximately $51,000. WCM Investment Management LLC increased its holdings in shares of Baidu by 81.4% during the 4th quarter. WCM Investment Management LLC now owns 13,666 shares of the information services provider’s stock valued at $1,149,000 after purchasing an additional 6,132 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Baidu by 45.4% in the 4th quarter. Bleakley Financial Group LLC now owns 5,873 shares of the information services provider’s stock valued at $495,000 after purchasing an additional 1,835 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently commented on BIDU. China Renaissance lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $130.00 target price on shares of Baidu in a research report on Wednesday. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Citigroup cut their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Baidu currently has an average rating of “Hold” and an average target price of $111.25.

Baidu Trading Up 1.7 %

Shares of BIDU stock opened at $91.19 on Friday. Baidu, Inc. has a fifty-two week low of $77.19 and a fifty-two week high of $116.25. The firm has a market capitalization of $31.97 billion, a P/E ratio of 9.94, a PEG ratio of 2.91 and a beta of 0.46. The stock’s fifty day moving average is $87.08 and its two-hundred day moving average is $88.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.