Baidu Inc (NASDAQ:BIDU) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 29.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,395 shares of the information services provider’s stock after selling 983 shares during the period. IHT Wealth Management LLC’s holdings in Baidu were worth $246,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Baidu by 149.7% during the first quarter. FMR LLC now owns 82,956 shares of the information services provider’s stock valued at $13,674,000 after acquiring an additional 49,735 shares during the period. NEXT Financial Group Inc increased its stake in shares of Baidu by 280.9% in the second quarter. NEXT Financial Group Inc now owns 739 shares of the information services provider’s stock valued at $87,000 after purchasing an additional 545 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Baidu in the second quarter valued at approximately $33,000. Strs Ohio raised its holdings in shares of Baidu by 98.3% during the second quarter. Strs Ohio now owns 119,000 shares of the information services provider’s stock valued at $13,965,000 after buying an additional 59,000 shares during the last quarter. Finally, Foresight Wealth Management LLC raised its holdings in shares of Baidu by 23.2% during the second quarter. Foresight Wealth Management LLC now owns 1,954 shares of the information services provider’s stock valued at $229,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 52.16% of the company’s stock.

Shares of BIDU stock opened at $114.80 on Wednesday. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $193.50. The stock has a market cap of $41.41 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 15.60 and a beta of 1.77. The business’s fifty day moving average is $112.08 and its 200-day moving average is $110.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59.

A number of equities analysts recently issued reports on the company. Benchmark decreased their price objective on Baidu to $165.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Sanford C. Bernstein upgraded Baidu from a “market perform” rating to an “outperform” rating and raised their target price for the company from $118.00 to $139.00 in a research report on Friday, November 8th. BidaskClub downgraded Baidu from a “sell” rating to a “strong sell” rating in a research note on Monday, November 18th. Nomura reduced their price target on Baidu from $134.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group set a $133.00 price target on Baidu and gave the stock a “buy” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $146.00.

Baidu Company 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.

See Also: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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