Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690,259 shares of the information services provider's stock after selling 226,703 shares during the quarter. Federated Hermes Inc. owned approximately 0.48% of Baidu worth $142,506,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BIDU. FMR LLC boosted its stake in shares of Baidu by 67.2% during the 3rd quarter. FMR LLC now owns 11,781 shares of the information services provider's stock worth $1,240,000 after acquiring an additional 4,734 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Baidu by 33.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,104 shares of the information services provider's stock worth $748,000 after purchasing an additional 1,792 shares during the period. Quantinno Capital Management LP purchased a new position in Baidu during the third quarter worth approximately $201,000. Stifel Financial Corp grew its holdings in Baidu by 82.5% in the third quarter. Stifel Financial Corp now owns 75,546 shares of the information services provider's stock valued at $7,954,000 after purchasing an additional 34,145 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Baidu in the third quarter valued at approximately $2,511,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIDU. Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Barclays lifted their target price on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura cut Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a research note 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 data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $111.25.

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Baidu Trading Up 2.8 %

Baidu stock traded up $2.19 during mid-day trading on Friday, hitting $80.66. The company's stock had a trading volume of 4,512,733 shares, compared to its average volume of 4,165,090. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. 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 firm has a market capitalization of $28.28 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The stock's fifty day moving average is $90.80 and its two-hundred day moving average is $90.17.

Baidu Company 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.