Baidu, Inc. (NASDAQ:BIDU) Shares Sold by DRW Securities LLC

DRW Securities LLC cut its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 57.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,038 shares of the information services provider's stock after selling 5,460 shares during the quarter. DRW Securities LLC's holdings in Baidu were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BIDU. FMR LLC grew its position in Baidu by 67.2% during the third quarter. FMR LLC now owns 11,781 shares of the information services provider's stock valued at $1,240,000 after buying an additional 4,734 shares during the period. Quantinno Capital Management LP bought a new stake in Baidu in the 3rd quarter valued at $201,000. Stifel Financial Corp lifted its position in shares of Baidu by 82.5% in the third quarter. Stifel Financial Corp now owns 75,546 shares of the information services provider's stock worth $7,954,000 after buying an additional 34,145 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Baidu in the third quarter valued at $2,511,000. Finally, MML Investors Services LLC raised its position in shares of Baidu by 453.5% during the 3rd quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider's stock valued at $1,461,000 after buying an additional 11,370 shares in the last quarter.

Baidu Stock Down 1.4 %

BIDU stock traded down $1.21 during trading on Wednesday, reaching $83.34. The stock had a trading volume of 1,136,155 shares, compared to its average volume of 4,167,440. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The firm has a fifty day moving average price of $90.44 and a 200 day moving average price of $89.83. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.22 billion, a P/E ratio of 9.09, a PEG ratio of 2.96 and a beta of 0.33.

Remove Ads

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Nomura cut 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 note on Wednesday, February 19th. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Benchmark reissued a "buy" rating and issued a $130.00 price objective on shares of Baidu in a 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.25.

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.