Edmond DE Rothschild Holding S.A. Sells 12,425 Shares of Baidu, Inc. (NASDAQ:BIDU)

Edmond DE Rothschild Holding S.A. lowered its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,760 shares of the information services provider's stock after selling 12,425 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Baidu were worth $991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIDU. Maple Rock Capital Partners Inc. bought a new stake in Baidu in the third quarter valued at about $42,748,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares in the last quarter. Contrarius Group Holdings Ltd bought a new stake in shares of Baidu in the 4th quarter valued at approximately $27,328,000. SG Americas Securities LLC raised its holdings in shares of Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after buying an additional 227,338 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after buying an additional 207,966 shares during the period.

Baidu Trading Down 8.2 %

NASDAQ BIDU traded down $7.37 during trading hours on Friday, hitting $82.43. The company's stock had a trading volume of 11,809,438 shares, compared to its average volume of 4,058,332. Baidu, Inc. has a twelve month low of $77.20 and a twelve month high of $116.25. The firm has a market capitalization of $28.90 billion, a P/E ratio of 8.99, a PEG ratio of 2.96 and a beta of 0.33. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $92.19 and a 200 day moving average of $90.58.

Remove Ads

Analyst Upgrades and Downgrades

BIDU has been the subject of several recent analyst reports. Barclays increased their price objective on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Mizuho boosted their target price on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered Baidu from a "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 company. According to data from MarketBeat.com, Baidu currently has a consensus rating of "Hold" and a consensus target price of $111.25.

About Baidu

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.