YorkBridge Wealth Partners LLC Sells 321 Shares of Baidu Inc (BIDU)

YorkBridge Wealth Partners LLC cut its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,521 shares of the information services provider’s stock after selling 321 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Baidu were worth $400,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BIDU. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Baidu during the 4th quarter worth $26,000. First Personal Financial Services boosted its holdings in shares of Baidu by 70.7% during the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after buying an additional 70 shares during the period. Regal Wealth Group Inc. bought a new stake in shares of Baidu during the 4th quarter worth $32,000. Semmax Financial Advisors Inc. bought a new stake in shares of Baidu during the 4th quarter worth $33,000. Finally, Rational Advisors LLC boosted its holdings in shares of Baidu by 1,400.0% during the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 62.60% of the company’s stock.

Shares of Baidu stock traded down $4.42 during mid-day trading on Monday, reaching $168.67. 3,688,700 shares of the stock were exchanged, compared to its average volume of 3,089,992. The stock has a market capitalization of $59.81 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 3.91 and a beta of 1.47. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu Inc has a fifty-two week low of $153.78 and a fifty-two week high of $284.22.

BIDU has been the subject of several recent analyst reports. Credit Suisse Group set a $246.00 price objective on shares of Baidu and gave the stock a “buy” rating in a report on Sunday, December 23rd. TheStreet downgraded shares of Baidu from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a report on Tuesday, January 8th. Finally, Sanford C. Bernstein reissued a “mkt perform” rating on shares of Baidu in a report on Monday, January 14th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $246.56.

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About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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