Barclays PLC Has $29.69 Million Position in Baidu, Inc. (NASDAQ:BIDU)

Barclays PLC trimmed its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,931 shares of the information services provider's stock after selling 13,241 shares during the period. Barclays PLC owned about 0.08% of Baidu worth $29,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. iA Global Asset Management Inc. bought a new stake in shares of Baidu during the second quarter worth $52,000. Denver PWM LLC acquired a new stake in Baidu in the 2nd quarter valued at about $67,000. Allspring Global Investments Holdings LLC raised its stake in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock worth $72,000 after acquiring an additional 593 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider's stock worth $77,000 after purchasing an additional 130 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Baidu during the third quarter worth approximately $82,000.

Baidu Trading Up 0.6 %

BIDU stock traded up $0.50 during midday trading on Friday, hitting $90.82. 2,420,958 shares of the company's stock were exchanged, compared to its average volume of 3,601,490. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25. The stock's fifty day moving average price is $90.51 and its 200-day moving average price is $90.44. The company has a market cap of $31.85 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

Analyst Ratings Changes

Several research firms have issued reports on BIDU. Barclays downgraded Baidu from an "overweight" rating to an "equal weight" rating in a report on Friday, November 22nd. HSBC lowered Baidu from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research note on Tuesday, September 24th. Hsbc Global Res lowered Baidu from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Mizuho cut their target price on shares of Baidu from $130.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Baidu currently has a consensus rating of "Hold" and an average target price of $113.75.

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.