Baidu, Inc. $BIDU Shares Sold by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. cut its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 49.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,421 shares of the information services provider’s stock after selling 239,400 shares during the quarter. Baidu makes up 3.2% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 6th largest holding. Nan Fung Trinity HK Ltd. owned about 0.07% of Baidu worth $32,471,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Baidu by 2.0% during the 3rd quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock valued at $577,000 after purchasing an additional 85 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Baidu by 4.0% during the third quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock worth $391,000 after buying an additional 114 shares in the last quarter. Redwood Wealth Management Group LLC raised its stake in shares of Baidu by 3.8% in the second quarter. Redwood Wealth Management Group LLC now owns 4,117 shares of the information services provider’s stock valued at $353,000 after acquiring an additional 150 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Baidu by 5.6% in the 2nd quarter. Vident Advisory LLC now owns 4,234 shares of the information services provider’s stock worth $363,000 after acquiring an additional 224 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in Baidu by 5.2% during the 2nd quarter. Yousif Capital Management LLC now owns 4,539 shares of the information services provider’s stock worth $389,000 after acquiring an additional 225 shares during the last quarter.

Baidu Stock Down 2.7%

Shares of NASDAQ BIDU opened at $153.18 on Friday. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $165.30. The firm’s 50-day moving average is $135.21 and its 200-day moving average is $119.14. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $52.92 billion, a PE ratio of 50.89 and a beta of 0.30.

Analysts Set New Price Targets

BIDU has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Baidu from $154.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Baidu in a research note on Monday, December 29th. UBS Group set a $215.00 price target on shares of Baidu in a research report on Monday, January 12th. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $91.00 to $176.00 in a report on Friday, October 10th. Finally, Nomura boosted their target price on shares of Baidu from $178.00 to $196.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.78.

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.