Baidu, Inc. $BIDU Shares Sold by Robeco Institutional Asset Management B.V.
by Renee Jackson · The Cerbat GemRobeco Institutional Asset Management B.V. lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,411,937 shares of the information services provider’s stock after selling 127,495 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Baidu were worth $184,484,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BIDU. Binnacle Investments Inc acquired a new stake in Baidu during the 2nd quarter valued at $29,000. UMB Bank n.a. grew its holdings in Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after buying an additional 372 shares during the last quarter. Sycomore Asset Management acquired a new stake in Baidu during the 3rd quarter valued at $79,000. Finally, Mondrian Investment Partners LTD acquired a new stake in Baidu during the 3rd quarter valued at $80,000.
Baidu Price Performance
BIDU stock opened at $108.41 on Friday. Baidu, Inc. has a 52-week low of $79.13 and a 52-week high of $165.30. The stock’s fifty day simple moving average is $124.94 and its 200-day simple moving average is $128.85. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $36.89 billion, a price-to-earnings ratio of 68.18 and a beta of 0.44.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on BIDU shares. Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday, January 13th. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Susquehanna raised their price objective on Baidu from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Barclays decreased their price objective on Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Finally, UBS Group restated a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.05.
View Our Latest Stock Analysis on BIDU
About Baidu
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.
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