Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 63.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,560 shares of the information services provider's stock after selling 14,998 shares during the quarter. Bank of Montreal Can's holdings in Baidu were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after acquiring an additional 227,338 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Baidu in the 3rd quarter valued at about $72,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu in the 4th quarter worth approximately $558,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares in the last quarter. Finally, Ping Capital Management Inc. increased its holdings in Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock valued at $843,000 after buying an additional 7,500 shares during the period.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of analyst reports. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Barclays reduced their target price on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday. Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Baidu has an average rating of "Hold" and a consensus price target of $110.83.

Baidu Stock Performance

BIDU traded up $1.06 on Friday, reaching $90.56. 1,152,500 shares of the stock were exchanged, compared to its average volume of 4,168,360. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The company's 50-day moving average price is $89.15 and its 200 day moving average price is $88.71. The firm has a market capitalization of $31.28 billion, a PE ratio of 9.87, a PEG ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week 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.