Federated Hermes Inc. Sells 12,691 Shares of Baidu, Inc. (NASDAQ:BIDU)

Federated Hermes Inc. trimmed its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,781,696 shares of the information services provider’s stock after selling 12,691 shares during the quarter. Federated Hermes Inc.’s holdings in Baidu were worth $212,182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bruce G. Allen Investments LLC acquired a new stake in shares of Baidu in the fourth quarter valued at approximately $25,000. Headinvest LLC bought a new position in shares of Baidu in the third quarter worth $36,000. FNY Investment Advisers LLC acquired a new position in Baidu in the fourth quarter valued at about $42,000. ING Groep NV lifted its position in Baidu by 103.2% during the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock worth $60,000 after purchasing an additional 225 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new stake in Baidu during the first quarter worth about $72,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BIDU. Barclays dropped their target price on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. Finally, Citigroup decreased their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.73.

Baidu Stock Up 1.5 %

NASDAQ BIDU traded up $1.39 during mid-day trading on Thursday, hitting $95.80. The company’s stock had a trading volume of 1,416,278 shares, compared to its average volume of 3,366,394. The firm has a market capitalization of $33.59 billion, a price-to-earnings ratio of 12.23 and a beta of 0.68. The company’s 50 day simple moving average is $104.15 and its 200 day simple moving average is $110.38. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98.

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.