Aviva PLC Has $4.92 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Aviva PLC decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,333 shares of the information services provider's stock after selling 36,935 shares during the quarter. Aviva PLC's holdings in Baidu were worth $4,918,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BIDU. Rialto Wealth Management LLC bought a new position in Baidu in the fourth quarter worth about $42,000. Sycomore Asset Management bought a new position in Baidu in the 4th quarter worth approximately $51,000. Denver PWM LLC increased its position in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after purchasing an additional 220 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Baidu during the 3rd quarter valued at $201,000. Finally, Retireful LLC purchased a new position in Baidu during the 4th quarter valued at $205,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Mizuho boosted their price objective on shares of Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Barclays increased their price objective on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $111.25.

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Baidu Stock Down 0.7 %

NASDAQ BIDU traded down $0.57 on Tuesday, reaching $84.67. The company had a trading volume of 1,226,133 shares, compared to its average volume of 4,171,611. The firm has a market capitalization of $29.69 billion, a PE ratio of 9.22, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The firm has a 50-day moving average of $90.53 and a 200-day moving average of $89.87. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25.

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.