Baidu, Inc. (NASDAQ:BIDU) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC cut its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 17.8% during the 4th quarter, Holdings Channel reports. The firm owned 9,022 shares of the information services provider’s stock after selling 1,950 shares during the period. RWA Wealth Partners LLC’s holdings in Baidu were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BIDU. Bruce G. Allen Investments LLC acquired a new position in shares of Baidu during the 4th quarter valued at $25,000. Headinvest LLC acquired a new position in shares of Baidu during the 3rd quarter valued at $36,000. FNY Investment Advisers LLC acquired a new position in shares of Baidu during the 4th quarter valued at $42,000. ING Groep NV increased its position in shares of Baidu by 103.2% during the 3rd 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Baidu during the 3rd quarter valued at $73,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BIDU shares. Citigroup lowered their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Barclays decreased their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, HSBC decreased their target price on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.64.

Baidu Stock Performance

Shares of Baidu stock opened at $99.19 on Thursday. The stock has a market cap of $34.78 billion, a PE ratio of 12.85 and a beta of 0.68. The business has a fifty day simple moving average of $103.33 and a 200-day simple moving average of $109.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 12 month low of $94.25 and a 12 month high of $156.98.

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.