Baidu, Inc. $BIDU Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. trimmed its stake in Baidu by 8.3% in Q4, selling 127,495 shares and leaving 1,411,937 shares—about a 0.41% ownership position valued at roughly $184.48 million.
• Wall Street sentiment is a consensus “Moderate Buy” with an average price target of $158.05, based on 1 Strong Buy, 16 Buy, 5 Hold and 1 Sell ratings.
• Baidu’s stock trades with a market cap of $36.89 billion and a P/E of 68.18, with a 1‑year range of $79.13 to $165.30 and 50/200‑day moving averages near $124.94 and $128.85 respectively.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,411,937 shares of the information services provider's stock after selling 127,495 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.41% of Baidu worth $184,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Binnacle Investments Inc acquired a new stake in shares of Baidu in the 2nd quarter valued at about $29,000. UMB Bank n.a. raised its stake in Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider's stock valued at $45,000 after acquiring an additional 134 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider's stock valued at $49,000 after acquiring an additional 372 shares during the last quarter. Sycomore Asset Management purchased a new stake in Baidu during the 3rd quarter valued at approximately $79,000. Finally, Mondrian Investment Partners LTD purchased a new stake in Baidu during the 3rd quarter valued at approximately $80,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. BNP Paribas Exane assumed coverage on Baidu in a report on Wednesday, April 1st. They issued an "outperform" rating and a $161.00 price target on the stock. Benchmark restated a "buy" rating on shares of Baidu in a report on Friday, February 20th. Nomura lowered their price target on Baidu from $196.00 to $186.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Baidu in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $158.05.

Baidu Stock Performance

BIDU opened at $108.41 on Friday. The stock has a market cap of $36.89 billion, a P/E ratio of 68.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.76. The stock's 50 day simple moving average is $124.94 and its 200 day simple moving average is $128.85. Baidu, Inc. has a 1-year low of $79.13 and a 1-year high of $165.30.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China's leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

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