Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC lowered its position in Baidu, Inc. (NASDAQ:BIDU) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the information services provider’s stock after selling 2,250 shares during the quarter. Deltec Asset Management LLC’s holdings in Baidu were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BIDU. Grove Bank & Trust raised its position in Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after acquiring an additional 130 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares during the last quarter. Denver PWM LLC lifted its stake in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares in the last quarter. Intellectus Partners LLC grew its holdings in Baidu by 1.5% during the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after buying an additional 250 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Baidu by 6.9% during the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock worth $586,000 after buying an additional 357 shares in the last quarter.

Baidu Trading Up 5.9 %

NASDAQ BIDU opened at $92.88 on Wednesday. Baidu, Inc. has a one year low of $77.19 and a one year high of $116.25. The company’s 50 day moving average price is $85.94 and its 200 day moving average price is $88.56. The firm has a market capitalization of $32.57 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.08 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 25th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $85.00 in a research report on Monday, November 25th. Citigroup cut their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. Finally, Barclays downgraded Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.75.

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.