Dimensional Fund Advisors LP Grows Position in Baidu, Inc. (NASDAQ:BIDU)

Dimensional Fund Advisors LP grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,350,315 shares of the information services provider's stock after buying an additional 4,236 shares during the quarter. Dimensional Fund Advisors LP owned 0.39% of Baidu worth $113,845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIDU. Denver PWM LLC grew its position in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after acquiring an additional 220 shares during the last quarter. Intellectus Partners LLC grew its holdings in shares of Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after purchasing an additional 235 shares during the last quarter. US Bancorp DE increased its stake in Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock worth $340,000 after buying an additional 270 shares during the period. GeoWealth Management LLC increased its stake in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after buying an additional 308 shares during the period. Finally, Ignite Planners LLC lifted its holdings in Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock valued at $466,000 after buying an additional 376 shares in the last quarter.

Baidu Stock Down 1.8 %

Shares of Baidu stock traded down $1.64 during trading on Wednesday, reaching $87.82. The company's stock had a trading volume of 2,118,410 shares, compared to its average volume of 4,133,730. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The company has a 50-day simple moving average of $89.20 and a two-hundred day simple moving average of $88.31. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 2.96 and a beta of 0.33.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Finally, Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $110.83.

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.