Federated Hermes Inc. Has $212.18 Million Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Federated Hermes Inc. decreased its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,781,696 shares of the information services provider's stock after selling 12,691 shares during the quarter. Federated Hermes Inc.'s holdings in Baidu were worth $212,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIDU. Captrust Financial Advisors grew its holdings in shares of Baidu by 4.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider's stock valued at $289,000 after acquiring an additional 75 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Baidu by 2.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider's stock valued at $459,000 after acquiring an additional 88 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Baidu by 3.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider's stock valued at $398,000 after acquiring an additional 90 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Baidu by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider's stock valued at $255,000 after acquiring an additional 113 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Baidu by 8.7% in the 3rd quarter. CWM LLC now owns 1,591 shares of the information services provider's stock valued at $214,000 after acquiring an additional 127 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BIDU. Citigroup decreased their price objective on Baidu from $181.00 to $176.00 and set a "buy" rating for the company in a report on Tuesday, April 9th. Barclays reduced their price target on Baidu from $138.00 to $133.00 and set an "overweight" rating for the company in a report on Thursday, February 29th. Finally, StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a report on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $173.73.

Baidu Stock Performance

Shares of NASDAQ:BIDU traded up $1.17 during trading on Thursday, reaching $95.58. 2,595,011 shares of the stock were exchanged, compared to its average volume of 3,379,707. Baidu, Inc. has a 12 month low of $94.25 and a 12 month high of $156.98. The firm has a market cap of $33.52 billion, a PE ratio of 12.38 and a beta of 0.68. The stock has a 50-day moving average price of $104.00 and a 200-day moving average price of $110.28. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23.

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.