Nordea Investment Management AB Has $25.72 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

Nordea Investment Management AB trimmed its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 303,591 shares of the information services provider's stock after selling 46,177 shares during the quarter. Nordea Investment Management AB owned 0.09% of Baidu worth $25,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BIDU. B. Riley Wealth Advisors Inc. increased its holdings in Baidu by 134.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider's stock worth $1,739,000 after buying an additional 9,415 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Baidu by 23.5% during the 3rd quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider's stock worth $345,000 after purchasing an additional 624 shares during the last quarter. Denver PWM LLC raised its holdings in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after purchasing an additional 220 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Baidu in the 3rd quarter valued at $72,000. Finally, Coldstream Capital Management Inc. bought a new stake in Baidu in the third quarter worth $653,000.

Baidu Price Performance

Shares of Baidu stock traded down $1.27 during mid-day trading on Wednesday, reaching $81.34. 2,514,717 shares of the stock were exchanged, compared to its average volume of 2,738,602. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $117.64. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $86.61 and a 200 day simple moving average of $89.38.

Wall Street Analyst Weigh In

BIDU has been the topic of several recent analyst reports. Benchmark dropped their target price on shares of Baidu from $135.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. China Renaissance lowered Baidu from a "buy" rating to a "hold" rating and set a $86.00 target price on the stock. in a report on Monday, November 25th. Barclays lowered Baidu from an "overweight" rating to an "equal weight" rating in a report on Friday, November 22nd. Citigroup dropped their price objective on shares of Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Finally, StockNews.com raised Baidu from a "hold" rating to a "buy" rating in a report on Friday, December 27th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $113.75.

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.