Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,399 shares of the information services provider's stock after selling 104,500 shares during the quarter. Renaissance Technologies LLC owned 0.10% of Baidu worth $30,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in Baidu in the fourth quarter valued at about $42,000. Sycomore Asset Management purchased a new stake in Baidu in the fourth quarter valued at about $51,000. Denver PWM LLC boosted its holdings in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Baidu during the third quarter valued at about $201,000. Finally, Retireful LLC purchased a new stake in shares of Baidu during the fourth quarter valued at $205,000.

Analyst Ratings Changes

Several research firms recently commented on BIDU. StockNews.com lowered Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Mizuho lifted 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Baidu presently has a consensus rating of "Hold" and an average target price of $111.25.

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Baidu Trading Down 0.8 %

Shares of BIDU stock traded down $0.69 on Tuesday, hitting $84.55. 2,456,961 shares of the stock traded hands, compared to its average volume of 4,179,283. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The stock has a market capitalization of $29.65 billion, a PE ratio of 9.22, a PEG ratio of 2.96 and a beta of 0.33. The firm's 50-day moving average price is $90.53 and its two-hundred day moving average price is $89.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.