Hosking Partners LLP Decreases Stock Position in Baidu Inc (NASDAQ:BIDU)

Hosking Partners LLP cut its holdings in Baidu Inc (NASDAQ:BIDU) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,094 shares of the information services provider’s stock after selling 3,038 shares during the quarter. Hosking Partners LLP’s holdings in Baidu were worth $9,871,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BIDU. Atlas Capital Advisors LLC bought a new stake in Baidu in the 3rd quarter worth about $25,000. JFS Wealth Advisors LLC boosted its holdings in shares of Baidu by 53.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 230 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. JNBA Financial Advisors purchased a new stake in shares of Baidu during the 3rd quarter valued at about $31,000. Regal Wealth Group Inc. bought a new stake in shares of Baidu in the third quarter worth approximately $32,000. Finally, First PREMIER Bank grew its stake in shares of Baidu by 64.5% in the fourth quarter. First PREMIER Bank now owns 255 shares of the information services provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

BIDU has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd. CICC Research raised shares of Baidu from a “neutral” rating to an “outperform” rating in a research report on Thursday, November 7th. Macquarie started coverage on shares of Baidu in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $134.00 target price for the company. Daiwa Capital Markets upgraded shares of Baidu from a “hold” rating to an “outperform” rating and boosted their target price for the company from $105.00 to $124.00 in a research note on Friday, November 8th. Finally, Barclays increased their price target on Baidu from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $147.92.

Shares of BIDU stock opened at $135.18 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.35. Baidu Inc has a 12 month low of $93.39 and a 12 month high of $186.22. The stock has a market cap of $45.78 billion, a P/E ratio of -150.20, a P/E/G ratio of 2.89 and a beta of 1.79. The company has a 50 day simple moving average of $133.18 and a two-hundred day simple moving average of $115.25.

Baidu Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

Featured Story: What is the outlook for the FAANG stocks?

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.