Baidu, Inc. $BIDU Position Reduced by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. trimmed its position in Baidu, Inc. (NASDAQ:BIDU) by 36.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,130 shares of the information services provider’s stock after selling 4,700 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Baidu were worth $1,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BIDU. Keel Point LLC raised its stake in shares of Baidu by 1.7% in the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after buying an additional 84 shares in the last quarter. Blue Trust Inc. boosted its stake in Baidu by 2.0% during the third quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock valued at $577,000 after buying an additional 85 shares in the last quarter. State of Wyoming boosted its stake in Baidu by 13.2% during the third quarter. State of Wyoming now owns 857 shares of the information services provider’s stock valued at $113,000 after buying an additional 100 shares in the last quarter. Parallel Advisors LLC grew its holdings in Baidu by 11.6% during the third quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after acquiring an additional 108 shares during the period. Finally, Silver Oak Securities Incorporated raised its position in Baidu by 4.0% in the third quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock worth $391,000 after acquiring an additional 114 shares in the last quarter.

Baidu Stock Down 1.6%

Baidu stock opened at $108.12 on Friday. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $165.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $37.35 billion, a PE ratio of 68.00 and a beta of 0.32. The firm’s 50 day moving average price is $134.22 and its two-hundred day moving average price is $129.82.

Analyst Ratings Changes

A number of brokerages have weighed in on BIDU. Zephirin Group upped their price target on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Baidu in a research note on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Morgan Stanley reduced their target price on shares of Baidu from $150.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Finally, Benchmark restated a “buy” rating on shares of Baidu in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.89.

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.