Baidu, Inc. $BIDU Shares Sold by Strs Ohio

Key Points

• Strs Ohio cut its stake in Baidu by 39.7% in Q4, selling 7,671 shares and retaining 11,660 shares valued at about $1.523 million.
• Other institutions increased or initiated positions in Q4 — notably Mitsubishi UFJ Trust (+45.6%), Kestra Private Wealth (+59.6%), Composition Wealth (+6.2%), while Horizon Investments and Sava Infond opened new stakes.
• Baidu stock rose 11.4% (opened at $140.59), has a market cap of ~$47.8B and a one-year range of $81.17–$165.30, and carries a consensus analyst rating of Moderate Buy with a $158.05 target.

Strs Ohio cut its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 39.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,660 shares of the information services provider's stock after selling 7,671 shares during the period. Strs Ohio's holdings in Baidu were worth $1,523,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Composition Wealth LLC lifted its position in shares of Baidu by 6.2% during the 4th quarter. Composition Wealth LLC now owns 3,156 shares of the information services provider's stock valued at $412,000 after buying an additional 183 shares in the last quarter. Horizon Investments LLC purchased a new position in Baidu during the fourth quarter valued at $137,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Baidu by 45.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,724 shares of the information services provider's stock valued at $1,009,000 after purchasing an additional 2,418 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Baidu by 59.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,315 shares of the information services provider's stock worth $1,478,000 after purchasing an additional 4,227 shares in the last quarter. Finally, Sava Infond d.o.o. acquired a new position in shares of Baidu during the 4th quarter worth about $183,000.

Baidu Stock Up 11.4%

BIDU stock opened at $140.59 on Thursday. Baidu, Inc. has a one year low of $81.17 and a one year high of $165.30. The firm has a market cap of $47.84 billion, a PE ratio of 88.42 and a beta of 0.53. The firm's 50 day moving average price is $119.84 and its 200-day moving average price is $127.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76.

Analysts Set New Price Targets

BIDU has been the topic of several research analyst reports. Susquehanna lifted their price objective on Baidu from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Citigroup reiterated a "buy" rating on shares of Baidu in a research report on Tuesday, January 13th. China Renaissance upgraded Baidu from a "hold" rating to a "buy" rating and raised their price objective for the company from $134.00 to $180.00 in a report on Tuesday, February 3rd. Benchmark reiterated a "buy" rating on shares of Baidu in a research report on Friday, February 20th. Finally, UBS Group restated a "buy" rating on shares of Baidu in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Baidu has an average rating of "Moderate Buy" and a consensus target price of $158.05.

Baidu Company Profile

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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