Baidu, Inc. $BIDU Shares Sold by Strs Ohio

Strs Ohio lowered its position in Baidu, Inc. (NASDAQ:BIDU) by 50.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,747 shares of the information services provider’s stock after selling 5,913 shares during the period. Strs Ohio’s holdings in Baidu were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BIDU. Binnacle Investments Inc purchased a new position in shares of Baidu during the second quarter worth approximately $29,000. Sankala Group LLC acquired a new stake in Baidu during the 4th quarter worth $46,000. Brown Brothers Harriman & Co. grew its position in Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock worth $53,000 after purchasing an additional 105 shares during the last quarter. UMB Bank n.a. increased its stake in Baidu by 25.9% in the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 88 shares during the period. Finally, Winthrop Capital Management LLC purchased a new stake in shares of Baidu in the fourth quarter valued at about $59,000.

Baidu Stock Down 0.1%

Baidu stock opened at $117.51 on Friday. Baidu, Inc. has a fifty-two week low of $84.64 and a fifty-two week high of $165.30. The firm has a market capitalization of $39.98 billion, a price-to-earnings ratio of -979.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. The stock’s fifty day moving average is $124.29 and its two-hundred day moving average is $128.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BIDU. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Benchmark restated a “buy” rating and set a $215.00 price target on shares of Baidu in a research note on Tuesday, May 19th. Finally, BNP Paribas Exane began coverage on Baidu in a report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.58.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.