Baidu, Inc. $BIDU Position Reduced by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. reduced its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,130 shares of the information services provider’s stock after selling 4,700 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Baidu were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Keel Point LLC lifted its position in shares of Baidu by 1.7% during the third quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after purchasing an additional 84 shares during the last quarter. Blue Trust Inc. increased its holdings in Baidu by 2.0% in the third quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock valued at $577,000 after buying an additional 85 shares during the last quarter. State of Wyoming raised its stake in Baidu by 13.2% during the third quarter. State of Wyoming now owns 857 shares of the information services provider’s stock valued at $113,000 after buying an additional 100 shares in the last quarter. Parallel Advisors LLC raised its stake in Baidu by 11.6% during the third quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock valued at $137,000 after buying an additional 108 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in Baidu by 4.0% during the 3rd 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 during the last quarter.

Baidu Stock Performance

Shares of BIDU opened at $108.12 on Friday. The firm has a 50-day moving average price of $134.22 and a 200 day moving average price of $129.82. The firm has a market capitalization of $37.35 billion, a PE ratio of 68.00 and a beta of 0.32. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $165.30.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating on shares of Baidu in a report on Friday, February 20th. Susquehanna raised their price objective on Baidu from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Jefferies Financial Group lifted their price objective on shares of Baidu from $159.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Morgan Stanley dropped their price target on Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Finally, China Renaissance upgraded Baidu from a “hold” rating to a “buy” rating and boosted their price objective for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.89.

Baidu Company 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.