EverSource Wealth Advisors LLC Decreases Position in Baidu, Inc. (NASDAQ:BIDU)

EverSource Wealth Advisors LLC decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 680 shares of the information services provider’s stock after selling 217 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Baidu were worth $57,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in Baidu during the fourth quarter worth approximately $42,000. Sycomore Asset Management purchased a new stake in Baidu during the fourth quarter worth approximately $51,000. World Investment Advisors LLC purchased a new stake in Baidu during the third quarter worth approximately $72,000. Transamerica Financial Advisors Inc. purchased a new stake in Baidu in the third quarter valued at approximately $82,000. Finally, Denver PWM LLC lifted 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 valued at $104,000 after buying an additional 220 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BIDU shares. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Monday, November 25th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.25.

Baidu Trading Down 4.2 %

Shares of BIDU stock opened at $98.24 on Thursday. The business’s fifty day moving average price is $89.45 and its 200 day moving average price is $89.75. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The firm has a market capitalization of $34.45 billion, a PE ratio of 10.71, a P/E/G ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

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.