Man Group plc Trims Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Man Group plc reduced its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,563 shares of the information services provider's stock after selling 3,355 shares during the period. Man Group plc's holdings in Baidu were worth $2,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Baidu by 147.5% in the 4th 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. Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu during the fourth quarter worth approximately $558,000. Mirae Asset Global Investments Co. Ltd. raised 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 worth $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Ping Capital Management Inc. raised its stake in shares of Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock worth $843,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Baidu during the fourth quarter worth approximately $2,202,000.

Baidu Stock Down 1.6%

Baidu stock opened at $84.07 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The firm has a market capitalization of $29.04 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The stock's fifty day moving average is $88.33 and its two-hundred day moving average is $87.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BIDU shares. Wall Street Zen cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Barclays dropped their price objective on Baidu from $90.00 to $84.00 and set an "equal weight" rating on the stock in a report on Thursday. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Baidu currently has a consensus rating of "Hold" and a consensus target price of $107.82.

Baidu 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.

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