Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM lowered its position in Baidu, Inc. (NASDAQ:BIDU) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,993 shares of the information services provider’s stock after selling 778 shares during the quarter. Bank Hapoalim BM’s holdings in Baidu were worth $2,023,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Baidu in the fourth quarter valued at $556,000. Pacer Advisors Inc. increased its position in shares of Baidu by 3.5% in the fourth quarter. Pacer Advisors Inc. now owns 22,275 shares of the information services provider’s stock valued at $1,878,000 after buying an additional 752 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Baidu in the fourth quarter valued at $558,000. Blue Trust Inc. increased its position in shares of Baidu by 45.5% in the fourth quarter. Blue Trust Inc. now owns 3,836 shares of the information services provider’s stock valued at $323,000 after buying an additional 1,200 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Baidu by 22.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111,186 shares of the information services provider’s stock valued at $9,374,000 after buying an additional 20,019 shares in the last quarter.

Wall Street Analysts Forecast Growth

BIDU has been the subject of a number of research analyst reports. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $85.00 in a research report on Monday, November 25th. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Friday, January 24th. Citigroup dropped their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

NASDAQ BIDU opened at $92.88 on Wednesday. The firm has a market capitalization of $32.57 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.08 and a beta of 0.46. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The business’s 50-day simple moving average is $85.75 and its 200-day simple moving average is $88.54.

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.