Prospect Financial Services LLC Sells 2,795 Shares of Baidu, Inc. (NASDAQ:BIDU)

Prospect Financial Services LLC reduced its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,510 shares of the information services provider’s stock after selling 2,795 shares during the period. Prospect Financial Services LLC’s holdings in Baidu were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its position in Baidu by 119.6% during the 2nd quarter. Bank of Montreal Can now owns 22,381 shares of the information services provider’s stock worth $1,936,000 after purchasing an additional 12,188 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Baidu by 90.9% in the second quarter. Mackenzie Financial Corp now owns 10,646 shares of the information services provider’s stock valued at $921,000 after buying an additional 5,070 shares during the period. Scientech Research LLC bought a new position in shares of Baidu during the second quarter worth about $469,000. Creative Planning lifted its stake in shares of Baidu by 84.5% in the second quarter. Creative Planning now owns 48,078 shares of the information services provider’s stock worth $4,158,000 after acquiring an additional 22,020 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Baidu by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,717 shares of the information services provider’s stock valued at $1,013,000 after acquiring an additional 465 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Baidu in a research note on Friday. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and cut their target price for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Finally, Citigroup dropped their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu presently has an average rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

BIDU opened at $88.51 on Tuesday. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.90 and a beta of 0.46. The company’s fifty day moving average price is $84.95 and its two-hundred day moving average price is $88.72. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

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.