Mitsubishi UFJ Asset Management Co. Ltd. Sells 4,916 Shares of Baidu, Inc. $BIDU

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 14.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,036 shares of the information services provider’s stock after selling 4,916 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Baidu were worth $2,576,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BIDU. Dimensional Fund Advisors LP increased its stake in shares of Baidu by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,361,973 shares of the information services provider’s stock worth $125,338,000 after purchasing an additional 11,658 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Baidu by 2.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,037,626 shares of the information services provider’s stock valued at $95,494,000 after purchasing an additional 25,834 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Baidu during the 2nd quarter valued at $80,618,000. Massachusetts Financial Services Co. MA lifted its holdings in Baidu by 319.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider’s stock worth $74,298,000 after purchasing an additional 615,061 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Baidu by 41.7% in the 1st quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock worth $71,556,000 after purchasing an additional 228,623 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Baidu from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, November 6th. Arete upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Tuesday, September 16th. Arete Research upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Tuesday, September 16th. Finally, Wall Street Zen cut shares of Baidu from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Baidu presently has a consensus rating of “Moderate Buy” and an average target price of $131.00.

Baidu Trading Down 6.4%

Shares of Baidu stock opened at $120.65 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $149.51. The firm has a market cap of $41.68 billion, a PE ratio of 11.12 and a beta of 0.43. The company has a 50 day simple moving average of $125.92 and a two-hundred day simple moving average of $101.26.

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.