Lombard Odier Asset Management USA Corp Sells 9,257 Shares of Baidu, Inc. $BIDU

Lombard Odier Asset Management USA Corp reduced its stake in Baidu, Inc. (NASDAQ:BIDU) by 57.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,820 shares of the information services provider’s stock after selling 9,257 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Baidu were worth $891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Binnacle Investments Inc bought a new stake in shares of Baidu in the second quarter valued at approximately $29,000. Ameritas Advisory Services LLC boosted its stake in shares of Baidu by 12,400.0% in the third 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 period. Brown Brothers Harriman & Co. boosted its stake in shares of Baidu by 35.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares during the period. UMB Bank n.a. boosted its stake in shares of Baidu by 25.9% in the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after buying an additional 88 shares during the period. Finally, Winthrop Capital Management LLC bought a new stake in shares of Baidu in the fourth quarter valued at approximately $59,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BIDU shares. Benchmark restated a “buy” rating and set a $215.00 target price on shares of Baidu in a research note on Tuesday, May 19th. Morgan Stanley upped their target price on Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. Susquehanna upped their target price on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. BNP Paribas Exane started coverage on Baidu in a research note on Wednesday, April 1st. They set an “outperform” rating and a $161.00 target price for the company. Finally, Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Stock Down 3.5%

Shares of BIDU opened at $112.72 on Wednesday. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30. The stock has a market capitalization of $38.35 billion, a price-to-earnings ratio of -939.26, a PEG ratio of 1.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average of $126.84 and a 200-day moving average of $129.89.

Baidu Profile

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.