UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Baidu, Inc. (NASDAQ:BIDU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,550 shares of the information services provider's stock after selling 5,423 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Baidu were worth $552,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BIDU. Rialto Wealth Management LLC bought a new position in Baidu in the fourth quarter valued at $42,000. GeoWealth Management LLC grew its stake in shares of Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in Baidu during the 4th quarter valued at about $232,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Baidu in the fourth quarter worth $256,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Baidu by 749.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,872 shares of the information services provider's stock valued at $326,000 after acquiring an additional 3,416 shares during the last quarter.

Baidu Price Performance

Shares of NASDAQ BIDU traded up $0.26 during trading on Thursday, hitting $87.81. The company had a trading volume of 1,763,691 shares, compared to its average volume of 4,135,016. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The stock has a fifty day simple moving average of $85.74 and a two-hundred day simple moving average of $87.75. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BIDU shares. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Macquarie reiterated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Barclays set a $84.00 price objective on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Baidu presently has an average rating of "Hold" and an average target price of $107.82.

Baidu Company 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.