Moisand Fitzgerald Tamayo LLC Cuts Stake in Baidu Inc (NASDAQ:BIDU)

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Moisand Fitzgerald Tamayo LLC reduced its stake in Baidu Inc (NASDAQ:BIDU) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240 shares of the information services provider’s stock after selling 585 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Baidu were worth $30,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Baidu by 0.9% during the second quarter. Vanguard Group Inc. now owns 10,111,996 shares of the information services provider’s stock valued at $1,186,744,000 after buying an additional 89,489 shares during the last quarter. Invesco Ltd. lifted its position in Baidu by 4.2% during the second quarter. Invesco Ltd. now owns 5,632,774 shares of the information services provider’s stock valued at $661,062,000 after purchasing an additional 228,312 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Baidu by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,078,061 shares of the information services provider’s stock valued at $419,062,000 after purchasing an additional 367,011 shares during the period. Prudential PLC boosted its holdings in Baidu by 44.5% in the second quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock worth $259,933,000 after purchasing an additional 681,970 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Baidu by 22.5% in the second quarter. Morgan Stanley now owns 2,031,574 shares of the information services provider’s stock worth $238,427,000 after purchasing an additional 373,165 shares during the last quarter. 52.15% of the stock is currently owned by hedge funds and other institutional investors.

BIDU has been the subject of a number of research analyst reports. Macquarie initiated coverage on shares of Baidu in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $134.00 target price for the company. Jefferies Financial Group set a $133.00 target price on shares of Baidu and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays lifted their target price on shares of Baidu from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Oppenheimer lifted their target price on shares of Baidu from $145.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $147.75.

Shares of NASDAQ BIDU traded up $0.17 during trading on Thursday, hitting $139.57. The company had a trading volume of 1,846,209 shares, compared to its average volume of 3,784,674. Baidu Inc has a 12 month low of $93.39 and a 12 month high of $186.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a market capitalization of $48.92 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 10.45 and a beta of 1.77. The stock has a 50 day simple moving average of $126.63 and a 200 day simple moving average of $112.81.

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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