Lombard Odier Asset Management USA Corp Sells 9,257 Shares of Baidu, Inc. $BIDU

Lombard Odier Asset Management USA Corp trimmed its position in Baidu, Inc. (NASDAQ:BIDU) by 57.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,820 shares of the information services provider’s stock after selling 9,257 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Baidu were worth $891,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Binnacle Investments Inc bought a new position in shares of Baidu in the 2nd quarter valued at $29,000. Ameritas Advisory Services LLC increased its holdings in Baidu by 12,400.0% in the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Baidu by 35.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. increased its holdings 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 acquired a new stake in Baidu in the fourth quarter valued at $59,000.

Baidu Stock Performance

Shares of Baidu stock opened at $112.72 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $126.84 and a two-hundred day moving average price of $129.89. Baidu, Inc. has a 1-year low of $83.30 and a 1-year high of $165.30. The company has a market cap of $38.35 billion, a P/E ratio of -939.26, a PEG ratio of 1.99 and a beta of 0.54.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Benchmark restated a “buy” rating and issued a $215.00 price objective on shares of Baidu in a report on Tuesday, May 19th. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Morgan Stanley increased their price objective on Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.