Robeco Institutional Asset Management B.V. Sells 107,625 Shares of Baidu, Inc. $BIDU

Key Points

• Robeco Institutional Asset Management B.V. has decreased its holdings in Baidu, Inc. by 5.8%, selling 107,625 shares and now owning a total of 1,756,714 shares valued at approximately $150.7 million.
• Several hedge funds, including the Royal Bank of Canada and NewEdge Advisors LLC, have recently modified their positions in Baidu, with the latter increasing its stake by a remarkable 39,363.0%.
• Research analysts have varied opinions on Baidu's stock, with one firm giving it a sell rating and target price of $92.00, while another raised its rating to strong-buy with a target of $177.00.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,756,714 shares of the information services provider's stock after selling 107,625 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.51% of Baidu worth $150,656,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Baidu by 28.3% during the first quarter. Royal Bank of Canada now owns 160,713 shares of the information services provider's stock valued at $14,791,000 after buying an additional 35,479 shares during the last quarter. Integrity Alliance LLC. bought a new position in shares of Baidu during the first quarter valued at approximately $247,000. FNY Investment Advisers LLC bought a new position in shares of Baidu during the first quarter valued at approximately $922,000. Janney Montgomery Scott LLC bought a new position in shares of Baidu during the first quarter valued at approximately $274,000. Finally, NewEdge Advisors LLC grew its stake in shares of Baidu by 39,363.0% during the first quarter. NewEdge Advisors LLC now owns 21,310 shares of the information services provider's stock valued at $1,961,000 after buying an additional 21,256 shares during the last quarter.

Baidu Stock Performance

Shares of BIDU opened at $137.44 on Thursday. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $141.60. The stock has a fifty day moving average price of $103.06 and a 200-day moving average price of $92.97. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market cap of $47.48 billion, a PE ratio of 12.67 and a beta of 0.41.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zephirin Group assumed coverage on Baidu in a research note on Monday, September 15th. They set a "sell" rating and a $92.00 target price on the stock. Dbs Bank raised Baidu from a "hold" rating to a "buy" rating and increased their price objective for the stock from $85.00 to $177.00 in a research note on Thursday, September 25th. Barclays dropped their price objective on Baidu from $84.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Zacks Research raised Baidu from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. Finally, CLSA raised Baidu to a "strong-buy" rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $122.42.

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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