Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. trimmed its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,868 shares of the information services provider's stock after selling 428,959 shares during the period. Alyeska Investment Group L.P. owned 0.09% of Baidu worth $25,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIDU. Rialto Wealth Management LLC acquired a new stake in Baidu in the 4th quarter valued at about $42,000. Sycomore Asset Management purchased a new position in Baidu during the fourth quarter worth approximately $51,000. GeoWealth Management LLC boosted its stake in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after buying an additional 308 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Baidu in the 3rd quarter valued at $72,000. Finally, Retireful LLC acquired a new stake in shares of Baidu in the 4th quarter worth $205,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BIDU shares. Mizuho upped their price objective on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Barclays lowered their price objective on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Finally, Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $110.83.

Baidu Stock Down 0.9 %

Baidu stock traded down $0.79 during mid-day trading on Friday, reaching $86.86. 2,054,925 shares of the company's stock were exchanged, compared to its average volume of 4,126,367. The company has a fifty day moving average of $89.30 and a 200-day moving average of $88.03. The company has a market cap of $30.01 billion, a P/E ratio of 9.47, a P/E/G ratio of 2.96 and a beta of 0.37. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25.

About Baidu

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.