Bank Hapoalim BM Reduces Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Bank Hapoalim BM cut its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,993 shares of the information services provider’s stock after selling 778 shares during the quarter. Bank Hapoalim BM’s holdings in Baidu were worth $2,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BIDU. Allspring Global Investments Holdings LLC raised its position in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 593 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of Baidu in the 3rd quarter worth about $82,000. Denver PWM LLC boosted its holdings in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the period. Finally, Banco Santander S.A. bought a new stake in shares of Baidu during the 3rd quarter valued at about $201,000.

Baidu Price Performance

NASDAQ BIDU opened at $92.88 on Wednesday. Baidu, Inc. has a 12 month low of $77.19 and a 12 month high of $116.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $32.57 billion, a PE ratio of 11.37, a P/E/G ratio of 2.08 and a beta of 0.46. The company’s 50 day simple moving average is $85.75 and its 200 day simple moving average is $88.54.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Mizuho cut their target price on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Citigroup cut their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, Benchmark reissued a “buy” rating and issued a $130.00 target price on shares of Baidu in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.75.

Baidu Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.