Aviva PLC Decreases Stake in Baidu, Inc. $BIDU

Aviva PLC lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,128 shares of the information services provider’s stock after selling 1,385 shares during the period. Aviva PLC’s holdings in Baidu were worth $4,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Baidu by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,361,973 shares of the information services provider’s stock worth $125,338,000 after buying an additional 11,658 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Baidu by 2.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,037,626 shares of the information services provider’s stock worth $95,494,000 after acquiring an additional 25,834 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Baidu during the 2nd quarter worth about $80,618,000. Massachusetts Financial Services Co. MA grew its stake in Baidu by 319.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider’s stock valued at $74,298,000 after purchasing an additional 615,061 shares during the last quarter. Finally, Mondrian Investment Partners LTD grew its stake in Baidu by 41.7% during the 1st quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock valued at $71,556,000 after purchasing an additional 228,623 shares during the last quarter.

Baidu Stock Down 2.3%

BIDU stock opened at $128.94 on Thursday. Baidu, Inc. has a one year low of $74.71 and a one year high of $149.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s fifty day moving average is $125.47 and its 200 day moving average is $101.12. The firm has a market cap of $44.54 billion, a PE ratio of 11.88 and a beta of 0.43.

Analyst Ratings Changes

Several brokerages have recently issued reports on BIDU. Deutsche Bank Aktiengesellschaft upgraded Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, November 6th. Arete upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a research note on Tuesday, September 16th. Susquehanna upped their price objective on shares of Baidu from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, September 2nd. Arete Research raised shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a report on Tuesday, September 16th. Finally, Macquarie upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $91.00 to $176.00 in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

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.