BNP Paribas Sells 149 Shares of Baidu, Inc. (NASDAQ:BIDU)

BNP Paribas lowered its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.9% in the third quarter, Holdings Channel.com reports. The fund owned 17,297 shares of the information services provider’s stock after selling 149 shares during the quarter. BNP Paribas’ holdings in Baidu were worth $1,821,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BIDU. Advisors Asset Management Inc. increased its stake in Baidu by 8.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock worth $272,000 after buying an additional 196 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Baidu by 9.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,017,341 shares of the information services provider’s stock worth $107,107,000 after acquiring an additional 84,776 shares during the period. Silvercrest Asset Management Group LLC raised its stake in shares of Baidu by 1.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 26,019 shares of the information services provider’s stock valued at $2,739,000 after acquiring an additional 379 shares in the last quarter. Swedbank AB bought a new stake in shares of Baidu during the first quarter valued at approximately $4,351,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Baidu by 1,119.9% in the first quarter. Cetera Investment Advisers now owns 31,011 shares of the information services provider’s stock valued at $3,265,000 after purchasing an additional 28,469 shares during the period.

Baidu Trading Up 1.0 %

NASDAQ:BIDU opened at $83.51 on Wednesday. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.06 and a beta of 0.51. Baidu, Inc. has a 52 week low of $78.95 and a 52 week high of $126.23. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $93.63 and a 200 day moving average of $92.04.

Analysts Set New Price Targets

Several research firms have commented on BIDU. Mizuho reduced their price objective on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and cut their price target for the company from $105.00 to $85.00 in a research note on Monday. Loop Capital lowered their price objective on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Finally, Dbs Bank lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $114.92.

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.