Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 302,908 shares of the information services provider's stock after selling 9,727 shares during the quarter. Deutsche Bank AG owned about 0.09% of Baidu worth $25,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intellectus Partners LLC boosted its stake in Baidu by 1.4% during the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock valued at $1,414,000 after purchasing an additional 235 shares during the period. US Bancorp DE increased its position in Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after acquiring an additional 270 shares during the period. GeoWealth Management LLC increased its position in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the period. Ignite Planners LLC increased its position in Baidu by 7.3% in the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock valued at $466,000 after acquiring an additional 376 shares during the period. Finally, SRN Advisors LLC increased its position in Baidu by 3.1% in the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider's stock valued at $1,332,000 after acquiring an additional 468 shares during the period.

Baidu Price Performance

Shares of NASDAQ BIDU traded down $0.36 during mid-day trading on Monday, reaching $88.98. The company had a trading volume of 1,356,760 shares, compared to its average volume of 4,081,273. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.74 billion, a PE ratio of 9.70, a P/E/G ratio of 2.96 and a beta of 0.37. The company has a 50-day moving average price of $89.03 and a two-hundred day moving average price of $87.97. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25.

Wall Street Analyst Weigh In

Several research firms recently commented on BIDU. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Nomura cut Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $109.55.

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.