DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its position in Baidu, Inc. (NASDAQ:BIDU) by 31.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,011 shares of the information services provider’s stock after selling 1,818 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Baidu were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BIDU. SG Americas Securities LLC grew its stake in Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after purchasing an additional 227,338 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Baidu in the 4th quarter valued at about $558,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock worth $30,317,000 after buying an additional 330,627 shares in the last quarter. Ping Capital Management Inc. increased its stake in shares of Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock worth $843,000 after buying an additional 7,500 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Baidu in the fourth quarter valued at approximately $2,202,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Barclays decreased their price objective on shares of Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $110.83.

Baidu Price Performance

BIDU stock opened at $91.27 on Tuesday. 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 company has a market capitalization of $31.53 billion, a P/E ratio of 9.95, a PEG ratio of 2.96 and a beta of 0.37. The business has a 50 day simple moving average of $89.29 and a 200-day simple moving average of $88.03. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25.

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.