Banque Cantonale Vaudoise Sells 8,281 Shares of Baidu, Inc. $BIDU

Banque Cantonale Vaudoise reduced its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 82.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,740 shares of the information services provider’s stock after selling 8,281 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Baidu were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its position in Baidu by 38.0% during the 4th quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider’s stock worth $354,014,000 after buying an additional 745,588 shares during the period. RPD Fund Management LLC lifted its holdings in shares of Baidu by 161.6% during the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after buying an additional 777,570 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Baidu in the third quarter valued at about $165,334,000. Capital World Investors boosted its position in shares of Baidu by 21.0% in the fourth quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock valued at $154,552,000 after acquiring an additional 205,040 shares during the period. Finally, ARK Investment Management LLC grew its stake in shares of Baidu by 127.8% in the fourth quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider’s stock valued at $151,288,000 after acquiring an additional 649,490 shares in the last quarter.

Baidu Stock Up 7.6%

Shares of BIDU opened at $112.18 on Tuesday. The stock’s 50-day moving average price is $125.97 and its two-hundred day moving average price is $129.16. Baidu, Inc. has a 12 month low of $84.64 and a 12 month high of $165.30. The company has a market capitalization of $38.17 billion, a PE ratio of -934.76, a PEG ratio of 1.78 and a beta of 0.54. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

BIDU has been the topic of a number of recent research reports. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Zacks Research raised shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. BNP Paribas Exane started coverage on shares of Baidu in a research report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 target price on the stock. Weiss Ratings cut Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Barclays decreased their target price on Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.