Natixis Sells 1,438 Shares of Baidu, Inc. (NASDAQ:BIDU)

by · The Markets Daily

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?w=250&h=150&zc=2&src=https://www.marketbeat.com/logos/baidu-inc-logo.jpg?v=20221102142621
Natixis cut its position in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 70.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 589 shares of the information services provider’s stock after selling 1,438 shares during the quarter. Natixis’ holdings in Baidu were worth $81,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ING Groep NV bought a new position in Baidu in the first quarter worth about $33,000. Global Retirement Partners LLC raised its holdings in Baidu by 85.6% in the first quarter. Global Retirement Partners LLC now owns 347 shares of the information services provider’s stock worth $40,000 after purchasing an additional 160 shares in the last quarter. Nemes Rush Group LLC bought a new position in Baidu in the second quarter worth about $44,000. Huntington National Bank raised its holdings in Baidu by 36.4% in the second quarter. Huntington National Bank now owns 446 shares of the information services provider’s stock worth $61,000 after purchasing an additional 119 shares in the last quarter. Finally, Money Concepts Capital Corp grew its stake in shares of Baidu by 2,930.0% during the fourth quarter. Money Concepts Capital Corp now owns 606 shares of the information services provider’s stock worth $69,000 after acquiring an additional 586 shares during the last quarter. 21.22% of the stock is currently owned by institutional investors.

Baidu Trading Down 0.1 %

Shares of NASDAQ:BIDU opened at $113.55 on Wednesday. Baidu, Inc. has a 12-month low of $103.32 and a 12-month high of $160.88. The company has a market capitalization of $39.24 billion, a PE ratio of 12.99, a PEG ratio of 0.29 and a beta of 0.76. The business has a 50 day moving average of $117.05 and a two-hundred day moving average of $131.13. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BIDU. Mizuho restated a “buy” rating and set a $170.00 price target on shares of Baidu in a research note on Wednesday, August 23rd. The Goldman Sachs Group dropped their price target on Baidu from $181.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. Sanford C. Bernstein boosted their price target on Baidu from $160.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday, September 25th. Nomura Instinet upgraded Baidu from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, November 22nd. Finally, Susquehanna dropped their price target on Baidu from $175.00 to $150.00 and set a “positive” rating on the stock in a research note on Monday, November 27th. Eighteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $177.33.

Get Our Latest Analysis on Baidu

Baidu Company Profile

(Free Report)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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.

Further Reading