Robeco Institutional Asset Management B.V. Has $171.58 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Robeco Institutional Asset Management B.V. lowered its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,864,339 shares of the information services provider’s stock after selling 17,783 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Baidu were worth $171,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Todd Asset Management LLC grew its holdings in shares of Baidu by 44.4% during the fourth quarter. Todd Asset Management LLC now owns 176,338 shares of the information services provider’s stock worth $14,867,000 after purchasing an additional 54,198 shares during the last quarter. SRN Advisors LLC boosted its position in 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 buying an additional 468 shares during the period. US Bancorp DE grew its holdings in Baidu by 7.2% during the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after acquiring an additional 270 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Baidu by 31.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,159 shares of the information services provider’s stock worth $351,000 after acquiring an additional 1,002 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Baidu in the 4th quarter valued at approximately $543,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on BIDU shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Barclays set a $84.00 target price on Baidu and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Macquarie reiterated a “neutral” rating on shares of Baidu in a research report on Wednesday, May 21st. Citigroup decreased their price target on Baidu from $139.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Finally, Benchmark lowered their price objective on Baidu from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.82.

Baidu Trading Down 0.0%

Shares of BIDU stock opened at $86.65 on Thursday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a 50 day simple moving average of $86.72 and a two-hundred day simple moving average of $87.80. The company has a market cap of $29.93 billion, a P/E ratio of 8.60 and a beta of 0.33.

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.