HUB Investment Partners LLC Lowers Stock Position in Baidu, Inc. (NASDAQ:BIDU)

HUB Investment Partners LLC trimmed its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,068 shares of the information services provider’s stock after selling 341 shares during the period. HUB Investment Partners LLC’s holdings in Baidu were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC purchased a new position in shares of Baidu in the 4th quarter worth about $42,000. Sycomore Asset Management purchased a new stake in Baidu during the fourth quarter worth approximately $51,000. World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter worth $72,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Baidu in the 3rd quarter valued at $82,000. Finally, Denver PWM LLC lifted its holdings in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 220 shares in the last quarter.

Baidu Trading Up 0.3 %

Shares of NASDAQ:BIDU opened at $94.54 on Friday. Baidu, Inc. has a twelve month low of $77.20 and a twelve month high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a market cap of $33.15 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.96 and a beta of 0.47. The company has a 50 day moving average of $90.06 and a 200-day moving average of $89.85.

Analyst Upgrades and Downgrades

Several research firms have commented on BIDU. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Mizuho lifted their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Citigroup dropped their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Baidu has an average rating of “Hold” and an average price target of $111.25.

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.