Massachusetts Financial Services Co. MA Trims Stock Position in Baidu, Inc. $BIDU

Key Points

• Massachusetts Financial Services trimmed its stake in Baidu by 9.0% in Q4, selling 57,076 shares to finish the period with 580,027 shares worth about $75.8 million.
• Several other institutions either initiated or increased positions — including new buys by Venturi, Apollon, Prime and Aaron Wealth and a 9.3% increase by Rheos Capital Works to 352,000 shares (≈$46.0M).
• The stock has a consensus rating of "Moderate Buy" with an average price target of $158.05, versus a recent trading level near $112 and a one‑year high of $165.30, indicating analyst expectations for upside.

Massachusetts Financial Services Co. MA lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 580,027 shares of the information services provider's stock after selling 57,076 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.17% of Baidu worth $75,786,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BIDU. Venturi Wealth Management LLC acquired a new position in shares of Baidu in the 4th quarter valued at $450,000. Apollon Wealth Management LLC acquired a new position in shares of Baidu in the 4th quarter valued at $213,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Baidu in the 4th quarter valued at $2,004,000. Rheos Capital Works Inc. increased its holdings in shares of Baidu by 9.3% in the 4th quarter. Rheos Capital Works Inc. now owns 352,000 shares of the information services provider's stock valued at $45,992,000 after acquiring an additional 30,000 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Baidu in the 4th quarter valued at $236,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Baidu from $150.00 to $135.00 and set an "equal weight" rating on the stock in a report on Friday, February 27th. BNP Paribas Exane assumed coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an "outperform" rating and a $161.00 target price on the stock. Citigroup reiterated a "buy" rating on shares of Baidu in a research report on Tuesday, January 13th. UBS Group reiterated a "buy" rating on shares of Baidu in a research report on Wednesday, February 4th. Finally, Zephirin Group lifted their price objective on shares of Baidu from $88.00 to $89.00 and gave the company a "sell" rating in a research report on Monday, March 2nd. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.05.

Baidu Price Performance

Baidu stock opened at $112.01 on Tuesday. Baidu, Inc. has a one year low of $81.17 and a one year high of $165.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76. The business has a fifty day moving average of $124.21 and a two-hundred day moving average of $128.66. The company has a market cap of $38.11 billion, a P/E ratio of 70.45 and a beta of 0.44.

Baidu 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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