Sei Investments Co. Has $13.43 Million Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Sei Investments Co. trimmed its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,293 shares of the information services provider's stock after selling 63,416 shares during the quarter. Sei Investments Co.'s holdings in Baidu were worth $13,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC lifted its holdings in shares of Baidu by 146.5% during the 4th quarter. Virtu Financial LLC now owns 9,698 shares of the information services provider's stock worth $818,000 after acquiring an additional 5,763 shares during the period. DCF Advisers LLC lifted its stake in Baidu by 38.4% during the fourth quarter. DCF Advisers LLC now owns 47,750 shares of the information services provider's stock worth $4,026,000 after purchasing an additional 13,250 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in Baidu during the fourth quarter valued at approximately $27,328,000. Tejara Capital Ltd bought a new stake in shares of Baidu in the 4th quarter valued at approximately $2,335,000. Finally, Natixis Advisors LLC raised its holdings in shares of Baidu by 123.3% in the 4th quarter. Natixis Advisors LLC now owns 37,556 shares of the information services provider's stock worth $3,166,000 after buying an additional 20,734 shares in the last quarter.

Baidu Trading Up 0.3 %

NASDAQ:BIDU traded up $0.30 on Wednesday, hitting $91.93. 2,420,143 shares of the stock were exchanged, compared to its average volume of 4,007,213. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 2.96 and a beta of 0.47. The company's 50-day moving average price is $92.13 and its 200 day moving average price is $90.56.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Barclays boosted their price target 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. Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $111.25.

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.