DRW Securities LLC Sells 5,460 Shares of Baidu, Inc. (NASDAQ:BIDU)

DRW Securities LLC trimmed its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 57.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,038 shares of the information services provider’s stock after selling 5,460 shares during the quarter. DRW Securities LLC’s holdings in Baidu were worth $340,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Denver PWM LLC raised its holdings in shares of Baidu by 28.5% in the 3rd 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 grew its stake in Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after buying an additional 235 shares in the last quarter. US Bancorp DE increased its stake in 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 acquiring an additional 270 shares during the last quarter. Ignite Planners LLC boosted its stake in Baidu by 7.3% in the fourth quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock worth $466,000 after buying an additional 376 shares in the last quarter. Finally, SRN Advisors LLC lifted its stake in Baidu by 3.1% in the fourth 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 last quarter.

Baidu Stock Performance

Shares of Baidu stock opened at $78.47 on Friday. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The firm’s fifty day simple moving average is $90.80 and its 200-day simple moving average is $90.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.96 and a beta of 0.33.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BIDU shares. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Barclays lifted their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. 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.com, the stock has a consensus rating of “Hold” and an average price target of $111.25.

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.