Invesco Ltd. Sells 6,462 Shares of Baidu, Inc. (NASDAQ:BIDU)

Invesco Ltd. lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 206,181 shares of the information services provider's stock after selling 6,462 shares during the quarter. Invesco Ltd. owned approximately 0.06% of Baidu worth $17,383,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BIDU. Rialto Wealth Management LLC bought a new stake in Baidu during the 4th quarter worth $42,000. Sycomore Asset Management bought a new stake in shares of Baidu during the fourth quarter worth about $51,000. Denver PWM LLC increased its stake in shares of Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after buying an additional 220 shares during the period. Retireful LLC bought a new position in Baidu in the 4th quarter valued at approximately $205,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Baidu during the 4th quarter worth approximately $256,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Baidu has an average rating of "Hold" and an average target price of $110.83.

Baidu Stock Up 1.2 %

NASDAQ BIDU traded up $1.06 on Friday, hitting $90.56. 1,152,500 shares of the company were exchanged, compared to its average volume of 4,168,360. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $31.28 billion, a PE ratio of 9.87, a PEG ratio of 2.96 and a beta of 0.33. The stock has a fifty day moving average of $89.15 and a 200-day moving average of $88.71. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25.

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.