MAI Capital Management lowered its position in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 4.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,230 shares of the information services provider’s stock after selling 367 shares during the period. MAI Capital Management’s holdings in Baidu were worth $1,091,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of BIDU. Morgan Stanley lifted its holdings in Baidu by 88.2% in the fourth quarter. Morgan Stanley now owns 2,631,331 shares of the information services provider’s stock valued at $300,972,000 after buying an additional 1,232,917 shares during the period. Axiom Investors LLC DE boosted its position in shares of Baidu by 66.6% during the 4th quarter. Axiom Investors LLC DE now owns 2,468,502 shares of the information services provider’s stock valued at $282,347,000 after purchasing an additional 986,939 shares in the last quarter. Alkeon Capital Management LLC grew its stake in Baidu by 28.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,526,264 shares of the information services provider’s stock worth $288,954,000 after purchasing an additional 555,221 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Baidu in the fourth quarter worth approximately $51,993,000. Finally, Sanders Capital LLC acquired a new position in Baidu in the fourth quarter valued at approximately $50,261,000. 20.45% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BIDU has been the subject of several research analyst reports. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Sanford C. Bernstein upgraded shares of Baidu from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Monday, May 1st. Bank of America reduced their target price on Baidu from $234.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. OTR Global downgraded Baidu to a “positive” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley raised Baidu from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $160.00 to $190.00 in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Baidu currently has a consensus rating of “Moderate Buy” and an average target price of $188.76.
Baidu Trading Down 3.6 %
Shares of BIDU stock opened at $125.16 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.94 and a current ratio of 2.94. The company has a market capitalization of $43.25 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 0.31 and a beta of 0.71. Baidu, Inc. has a 52-week low of $73.58 and a 52-week high of $160.88. The company has a 50-day simple moving average of $143.44 and a two-hundred day simple moving average of $138.67.
About Baidu
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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.
Featured Articles
- Five stocks we like better than Baidu
- Investing in Commodities: What Are They? How to Invest in Them
- Farming Boom Fears Create a Buying Opportunity in Deere & Company
- High Dividend REITs: Are They an Ideal Way to Diversify?
- MarketBeat Week in Review – 8/14 – 8/18
- What Are MATANA Stocks?
- 8 Best Artificial Intelligence Stocks Under $10
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.
