OVERSEA CHINESE BANKING Corp Ltd Sells 3,826 Shares of Baidu, Inc. (NASDAQ:BIDU)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,657 shares of the information services provider's stock after selling 3,826 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Baidu were worth $750,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider's stock worth $297,000 after acquiring an additional 140 shares during the last quarter. Denver PWM LLC increased its holdings in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after purchasing an additional 220 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after purchasing an additional 235 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after purchasing an additional 270 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Baidu by 6.9% during the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider's stock valued at $586,000 after buying an additional 357 shares during the last quarter.

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Baidu Stock Performance

BIDU stock traded up $1.33 during midday trading on Monday, reaching $95.87. 3,222,666 shares of the company's stock traded hands, compared to its average volume of 3,966,165. The firm has a market capitalization of $33.62 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The company has a 50-day moving average price of $90.06 and a two-hundred day moving average price of $89.95. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

Analyst Upgrades and Downgrades

BIDU has been the topic of several recent analyst reports. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. China Renaissance lowered shares of Baidu from a "buy" rating to a "hold" rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Susquehanna lowered shares of Baidu from a "positive" rating to a "neutral" rating and decreased their price objective for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $111.25.

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.