Baidu, Inc. (NASDAQ:BIDU) Shares Sold by GTS Securities LLC

GTS Securities LLC decreased its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 92.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,728 shares of the information services provider's stock after selling 46,045 shares during the quarter. GTS Securities LLC's holdings in Baidu were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BIDU. Dodge & Cox grew its stake 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 valued at $498,796,000 after buying an additional 22,000 shares during the period. Pictet Asset Management Holding SA grew its position in Baidu by 9.4% in 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 acquiring an additional 207,966 shares during the period. Appaloosa LP increased its stake 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 acquiring an additional 102,909 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Baidu by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock valued at $113,845,000 after purchasing an additional 4,236 shares during the period. Finally, CoreView Capital Management Ltd lifted its stake in shares of Baidu by 2.0% in the 4th quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock valued at $106,399,000 after purchasing an additional 25,220 shares during the last quarter.

Baidu Stock Up 1.4%

BIDU stock traded up $1.16 during midday trading on Monday, hitting $83.06. The company's stock had a trading volume of 2,935,318 shares, compared to its average volume of 4,154,109. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25. The firm has a market capitalization of $28.69 billion, a P/E ratio of 9.06, a PEG ratio of 2.96 and a beta of 0.37. The firm has a 50-day simple moving average of $86.45 and a 200-day simple moving average of $87.69.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BIDU shares. Benchmark cut their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Citigroup decreased their target price on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Mizuho lifted their price target on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Wall Street Zen lowered shares of Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Baidu currently has an average rating of "Hold" and an average target price of $107.82.

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.