National Bank of Canada FI Has $637,000 Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

National Bank of Canada FI lowered its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 93.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,552 shares of the information services provider's stock after selling 111,334 shares during the quarter. National Bank of Canada FI's holdings in Baidu were worth $637,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after acquiring an additional 227,338 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter valued at about $72,000. Union Bancaire Privee UBP SA bought a new position in Baidu in the 4th quarter worth approximately $558,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Finally, Ping Capital Management Inc. raised its position in shares of Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock valued at $843,000 after buying an additional 7,500 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Baidu in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Mizuho upped their target price on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.25.

Remove Ads

Baidu Stock Down 0.8 %

NASDAQ:BIDU traded down $0.64 on Tuesday, hitting $84.60. 1,160,610 shares of the company's stock were exchanged, compared to its average volume of 4,171,347. The firm has a 50-day moving average price of $90.53 and a 200-day moving average price of $89.87. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The company has a market cap of $29.66 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33.

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.