Baidu, Inc. (NASDAQ:BIDU) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 93.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,530 shares of the information services provider's stock after selling 96,126 shares during the quarter. International Assets Investment Management LLC's holdings in Baidu were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BIDU. Bruce G. Allen Investments LLC acquired a new stake in Baidu in the fourth quarter valued at approximately $25,000. Headinvest LLC acquired a new stake in shares of Baidu in the third quarter worth $36,000. FNY Investment Advisers LLC acquired a new stake in shares of Baidu in the fourth quarter worth $42,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Baidu in the fourth quarter worth $48,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Baidu in the fourth quarter worth $66,000.

Baidu Stock Performance

Baidu stock traded up $0.14 on Monday, hitting $88.73. The company's stock had a trading volume of 2,296,384 shares, compared to its average volume of 3,379,563. The firm has a market cap of $31.11 billion, a P/E ratio of 11.88 and a beta of 0.52. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $100.54 and a 200-day moving average price of $105.20. Baidu, Inc. has a one year low of $88.26 and a one year high of $156.98.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research note on Friday, June 14th. Mizuho reduced their price objective on shares of Baidu from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Friday, May 10th. Loop Capital cut their target price on shares of Baidu from $155.00 to $130.00 and set a "buy" rating for the company in a research note on Friday. Macquarie cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 17th. Finally, Morgan Stanley cut shares of Baidu from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $140.00 to $125.00 in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $156.64.

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.