Robeco Institutional Asset Management B.V. Sells 17,783 Shares of Baidu, Inc. (NASDAQ:BIDU)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,864,339 shares of the information services provider's stock after selling 17,783 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.53% of Baidu worth $171,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after buying an additional 179 shares during the period. Rialto Wealth Management LLC bought a new stake in shares of Baidu during the 4th quarter valued at about $42,000. CX Institutional bought a new stake in shares of Baidu during the 1st quarter valued at about $49,000. GeoWealth Management LLC boosted its holdings in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares in the last quarter. Finally, Investors Research Corp boosted its holdings in Baidu by 20.5% in the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after acquiring an additional 300 shares in the last quarter.

Baidu Stock Down 0.4%

Shares of BIDU traded down $0.33 during mid-day trading on Friday, reaching $86.13. The company had a trading volume of 1,543,023 shares, compared to its average volume of 4,105,316. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a 50-day moving average price of $86.80 and a 200 day moving average price of $87.76. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The company has a market capitalization of $29.75 billion, a price-to-earnings ratio of 8.54 and a beta of 0.33.

Analysts Set New Price Targets

Several research analysts have issued reports on BIDU shares. Benchmark cut their price target on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Citigroup cut their price target on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Barclays set a $84.00 target price on Baidu and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Baidu has an average rating of "Hold" and a consensus price target 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.