International Assets Investment Management LLC Sells 1,054,708 Shares of Baidu, Inc. (NASDAQ:BIDU)

International Assets Investment Management LLC decreased its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 98.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,986 shares of the information services provider's stock after selling 1,054,708 shares during the quarter. International Assets Investment Management LLC's holdings in Baidu were worth $1,322,000 as of its most recent SEC filing.

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

Baidu Trading Down 1.5 %

Shares of BIDU stock traded down $1.27 on Thursday, hitting $81.34. The company had a trading volume of 2,514,717 shares, compared to its average volume of 2,738,602. Baidu, Inc. has a twelve month low of $78.95 and a twelve month high of $117.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market cap of $28.52 billion, a P/E ratio of 9.96, a P/E/G ratio of 1.19 and a beta of 0.46. The stock's 50-day moving average is $86.41 and its two-hundred day moving average is $89.32.

Analyst Upgrades and Downgrades

BIDU has been the topic of several analyst reports. Citigroup reduced their target price on Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, November 29th. JPMorgan Chase & Co. downgraded shares of Baidu from an "overweight" rating to a "neutral" rating in a research note on Wednesday, November 27th. Dbs Bank cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Hsbc Global Res lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Finally, Mizuho lowered their price objective on shares of Baidu from $130.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $113.75.

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.