Lazard Asset Management LLC Sells 23,526 Shares of Baidu, Inc. (NASDAQ:BIDU)

Lazard Asset Management LLC trimmed its position in Baidu, Inc. (NASDAQ:BIDU) by 21.5% in the 4th quarter, Holdings Channel reports. The firm owned 85,932 shares of the information services provider’s stock after selling 23,526 shares during the quarter. Lazard Asset Management LLC’s holdings in Baidu were worth $7,244,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Intellectus Partners LLC boosted its holdings in Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after purchasing an additional 235 shares during the period. US Bancorp DE boosted its holdings in Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after purchasing an additional 270 shares during the period. GeoWealth Management LLC boosted its holdings in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 308 shares during the period. Ignite Planners LLC lifted its holdings in shares of Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock worth $466,000 after acquiring an additional 376 shares during the last quarter. Finally, SRN Advisors LLC lifted its holdings in shares of Baidu by 3.1% during the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock worth $1,332,000 after acquiring an additional 468 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BIDU shares. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Mizuho lifted their price objective on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Finally, Barclays decreased their price objective on Baidu from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Hold” and a consensus price target of $110.83.

Baidu Stock Up 1.5%

Shares of NASDAQ:BIDU opened at $92.50 on Thursday. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a market cap of $31.95 billion, a PE ratio of 10.09, a P/E/G ratio of 2.96 and a beta of 0.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock’s 50-day moving average is $89.20 and its 200 day moving average is $88.08.

About Baidu

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.