Baidu, Inc. (NASDAQ:BIDU) Shares Sold by swisspartners Ltd.

swisspartners Ltd. lowered its holdings in Baidu, Inc. (NASDAQ:BIDU) by 24.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,112 shares of the information services provider’s stock after selling 1,008 shares during the quarter. swisspartners Ltd.’s holdings in Baidu were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in Baidu by 6.4% in the 4th quarter. Toronto Dominion Bank now owns 711 shares of the information services provider’s stock valued at $154,000 after purchasing an additional 43 shares in the last quarter. Arthur M. Cohen & Associates LLC grew its stake in Baidu by 2.3% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 2,255 shares of the information services provider’s stock valued at $491,000 after acquiring an additional 50 shares during the last quarter. Henry James International Management Inc. increased its holdings in Baidu by 0.4% during the 1st quarter. Henry James International Management Inc. now owns 16,073 shares of the information services provider’s stock valued at $3,497,000 after acquiring an additional 58 shares in the last quarter. AllSquare Wealth Management LLC raised its position in Baidu by 25.0% during the first quarter. AllSquare Wealth Management LLC now owns 375 shares of the information services provider’s stock worth $82,000 after acquiring an additional 75 shares during the last quarter. Finally, JJJ Advisors Inc. lifted its holdings in shares of Baidu by 35.2% in the first quarter. JJJ Advisors Inc. now owns 307 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 51.68% of the company’s stock.

BIDU traded down $3.13 during trading hours on Friday, reaching $187.08. 86,088 shares of the stock traded hands, compared to its average volume of 10,918,195. Baidu, Inc. has a fifty-two week low of $111.00 and a fifty-two week high of $354.82. The firm has a market cap of $62.79 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 6.68 and a beta of 1.02. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $202.09.

Several brokerages recently issued reports on BIDU. Loop Capital upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Monday, March 29th. Susquehanna Bancshares decreased their price target on shares of Baidu from $450.00 to $250.00 and set a “positive” rating on the stock in a research note on Thursday, May 20th. HSBC reduced their price objective on shares of Baidu from $374.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, May 20th. Daiwa Capital Markets initiated coverage on shares of Baidu in a research note on Wednesday, June 2nd. They issued a “buy” rating and a $335.00 target price for the company. Finally, Morgan Stanley decreased their price objective on Baidu from $300.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, May 20th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $296.47.

Baidu Company Profile

Baidu, Inc provides internet search services primarily in China. Its Baidu Core segment offers products for users, including 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; Haokan short video app; and Quanmin flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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