Federated Hermes Inc. Sells 12,691 Shares of Baidu, Inc. (NASDAQ:BIDU)

Federated Hermes Inc. trimmed its holdings in Baidu, Inc. (NASDAQ:BIDU) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,781,696 shares of the information services provider’s stock after selling 12,691 shares during the quarter. Federated Hermes Inc.’s holdings in Baidu were worth $212,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BIDU. Bruce G. Allen Investments LLC bought a new stake in Baidu in the 4th quarter valued at $25,000. Headinvest LLC bought a new stake in shares of Baidu in the third quarter worth about $36,000. FNY Investment Advisers LLC purchased a new stake in shares of Baidu in the fourth quarter worth about $42,000. ING Groep NV grew its holdings in Baidu by 103.2% during the 3rd quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after buying an additional 225 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its position in shares of Baidu by 2,930.0% during the 4th quarter. Money Concepts Capital Corp now owns 606 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 586 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup lowered their price target on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Barclays cut their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Finally, StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.73.

Baidu Stock Up 1.5 %

BIDU stock traded up $1.39 during trading on Thursday, hitting $95.80. 1,416,278 shares of the company’s stock traded hands, compared to its average volume of 3,366,394. The business has a fifty day simple moving average of $104.15 and a two-hundred day simple moving average of $110.38. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33.59 billion, a P/E ratio of 12.23 and a beta of 0.68. Baidu, Inc. has a 1 year low of $94.25 and a 1 year high of $156.98.

About Baidu

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.