Investors Research Corp Trims Holdings in Baidu, Inc. (NASDAQ:BIDU)

Investors Research Corp trimmed its stake in Baidu, Inc. (NASDAQ:BIDU) by 39.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,185 shares of the information services provider’s stock after selling 775 shares during the period. Investors Research Corp’s holdings in Baidu were worth $141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Baidu in the 4th quarter valued at approximately $25,000. Headinvest LLC acquired a new position in shares of Baidu in the third quarter valued at approximately $36,000. FNY Investment Advisers LLC acquired a new position in shares of Baidu in the fourth quarter valued at approximately $42,000. ING Groep NV grew its holdings in shares of Baidu by 103.2% in the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares in the last quarter. Finally, Money Concepts Capital Corp grew its holdings in shares of Baidu by 2,930.0% in the fourth quarter. Money Concepts Capital Corp now owns 606 shares of the information services provider’s stock valued at $69,000 after purchasing an additional 586 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on BIDU. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Barclays reduced their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Finally, Citigroup reduced their price target on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.73.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $96.12 on Wednesday. The stock has a market cap of $33.70 billion, a price-to-earnings ratio of 12.45 and a beta of 0.68. Baidu, Inc. has a 52 week low of $94.64 and a 52 week high of $156.98. The company’s 50-day moving average price is $104.37 and its 200 day moving average price is $110.50. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23.

Baidu Company 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.