Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 8.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,408 shares of the information services provider’s stock after selling 475 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Baidu were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIDU. Crossmark Global Holdings Inc. boosted its position in shares of Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock valued at $3,498,000 after acquiring an additional 99 shares during the period. Guinness Asset Management LTD grew its position in Baidu by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after purchasing an additional 100 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Baidu by 5.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after purchasing an additional 110 shares during the period. Beacon Financial Group raised its position in shares of Baidu by 7.2% during the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after buying an additional 128 shares during the last quarter. Finally, Ignite Planners LLC lifted its stake in shares of Baidu by 3.8% in the first quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after buying an additional 139 shares during the period.
Baidu Stock Down 0.1 %
Shares of BIDU opened at $85.70 on Friday. The company has a market capitalization of $30.05 billion, a P/E ratio of 11.47 and a beta of 0.49. Baidu, Inc. has a one year low of $79.68 and a one year high of $151.00. The business’s 50 day simple moving average is $88.96 and its 200-day simple moving average is $98.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.79 and a quick ratio of 2.79.
Analysts Set New Price Targets
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.
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