Earnest Partners LLC Sells 13,598 Shares of Baidu, Inc. (NASDAQ:BIDU)

Earnest Partners LLC cut its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 656,582 shares of the information services provider's stock after selling 13,598 shares during the quarter. Earnest Partners LLC owned 0.19% of Baidu worth $55,356,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BIDU. Dodge & Cox lifted its position in shares of Baidu by 0.4% in the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after purchasing an additional 22,000 shares during the period. Pictet Asset Management Holding SA raised its holdings in Baidu by 9.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after buying an additional 207,966 shares during the last quarter. Appaloosa LP raised its holdings in Baidu by 7.2% during the fourth quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after buying an additional 102,909 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Baidu by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock worth $113,845,000 after buying an additional 4,236 shares during the last quarter. Finally, North of South Capital LLP grew its stake in shares of Baidu by 18.9% in the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider's stock worth $51,838,000 after acquiring an additional 97,549 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BIDU shares. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Barclays decreased their price target on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Nomura lowered shares of Baidu from a "buy" rating to a "neutral" 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. Finally, Benchmark restated a "buy" rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $110.83.

Baidu Stock Up 0.1 %

Shares of BIDU traded up $0.09 on Thursday, hitting $87.91. 981,531 shares of the stock traded hands, compared to its average volume of 4,129,390. The company has a market capitalization of $30.37 billion, a PE ratio of 9.59, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25. The business has a 50 day simple moving average of $89.13 and a 200 day simple moving average of $88.30.

Baidu Company 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.