Whittier Trust Co. of Nevada Inc. Has $59,000 Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Whittier Trust Co. of Nevada Inc. lowered its stake in Baidu, Inc. (NASDAQ:BIDU) by 68.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559 shares of the information services provider’s stock after selling 1,222 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Baidu were worth $59,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Sterling Investment Management LLC bought a new position in shares of Baidu during the third quarter valued at $973,000. Allspring Global Investments Holdings LLC raised its stake in shares of Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 593 shares during the last quarter. Lee Johnson Capital Management LLC bought a new position in shares of Baidu during the third quarter valued at $1,167,000. Blue Trust Inc. raised its stake in shares of Baidu by 26.9% during the third quarter. Blue Trust Inc. now owns 2,636 shares of the information services provider’s stock valued at $278,000 after acquiring an additional 558 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd raised its stake in shares of Baidu by 22.4% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 5,401 shares of the information services provider’s stock valued at $569,000 after acquiring an additional 990 shares during the last quarter.

Baidu Trading Down 0.5 %

NASDAQ:BIDU opened at $89.48 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a 50-day moving average of $92.19 and a 200-day moving average of $94.65. The company has a market cap of $31.38 billion, a PE ratio of 11.98 and a beta of 0.49. Baidu, Inc. has a one year low of $79.68 and a one year high of $126.23.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Susquehanna lowered their target price on shares of Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group lowered their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $130.00 to $97.00 in a research note on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $128.36.

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.