North of South Capital LLP Trims Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

North of South Capital LLP decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557,237 shares of the information services provider's stock after selling 57,610 shares during the period. Baidu comprises 5.7% of North of South Capital LLP's portfolio, making the stock its 8th biggest holding. North of South Capital LLP owned about 0.16% of Baidu worth $51,283,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dodge & Cox grew its holdings 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 worth $498,796,000 after purchasing an additional 22,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Baidu by 1,377.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock valued at $490,035,000 after buying an additional 4,964,350 shares in the last quarter. Pictet Asset Management Holding SA boosted 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 valued at $203,213,000 after buying an additional 207,966 shares in the last quarter. Appaloosa LP boosted its holdings in shares of Baidu by 7.2% in the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Baidu by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock worth $113,845,000 after acquiring an additional 4,236 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on BIDU shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Macquarie restated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Citigroup reduced their price target 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. Barclays set a $84.00 price objective on shares of Baidu and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Benchmark dropped their target price on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $107.82.

Baidu Trading Down 0.1%

NASDAQ BIDU traded down $0.08 during trading hours on Thursday, hitting $86.37. The company's stock had a trading volume of 1,167,623 shares, compared to its average volume of 4,089,671. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The firm has a market capitalization of $29.83 billion, a P/E ratio of 8.57 and a beta of 0.33. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $86.86 and a 200 day moving average of $87.64.

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.