Matthews International Capital Management LLC Lowers Position in Baidu Inc (BIDU)

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Matthews International Capital Management LLC cut its stake in shares of Baidu Inc (NASDAQ:BIDU) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 779,996 shares of the information services provider’s stock after selling 53,505 shares during the period. Baidu comprises about 6.1% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Matthews International Capital Management LLC’s holdings in Baidu were worth $128,582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Baidu in the fourth quarter worth about $26,000. First Personal Financial Services increased its holdings in shares of Baidu by 70.7% in the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Regal Wealth Group Inc. bought a new stake in shares of Baidu in the fourth quarter worth about $32,000. Rational Advisors LLC increased its holdings in shares of Baidu by 1,400.0% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after purchasing an additional 196 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Baidu in the fourth quarter worth about $33,000. Institutional investors own 60.69% of the company’s stock.

Several equities research analysts have recently issued reports on the company. KeyCorp set a $220.00 target price on Baidu and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. They noted that the move was a valuation call. Daiwa Capital Markets set a $215.00 target price on Baidu and gave the stock a “buy” rating in a report on Friday, March 8th. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. BidaskClub cut Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Oppenheimer reduced their target price on Baidu from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $230.64.

Shares of BIDU traded down $1.05 during mid-day trading on Wednesday, reaching $151.34. 11,795 shares of the company’s stock traded hands, compared to its average volume of 2,851,011. The stock has a market cap of $52.94 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 4.58 and a beta of 1.44. Baidu Inc has a 12 month low of $150.02 and a 12 month high of $284.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.73 and a current ratio of 2.73.

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Baidu Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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