Ariel Investments LLC Has $29.95 Million Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Ariel Investments LLC lessened its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,193 shares of the information services provider's stock after selling 19,918 shares during the period. Ariel Investments LLC owned approximately 0.10% of Baidu worth $29,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intellectus Partners LLC lifted its position in Baidu by 1.4% during the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock valued at $1,414,000 after acquiring an additional 235 shares during the period. US Bancorp DE grew its holdings in Baidu by 7.2% during the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after purchasing an additional 270 shares during the period. GeoWealth Management LLC lifted its stake in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares in the last quarter. Ignite Planners LLC raised its position in shares of Baidu by 7.3% during the fourth 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 during the last quarter. Finally, SRN Advisors LLC grew its holdings in Baidu by 3.1% during the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider's stock valued at $1,332,000 after buying an additional 468 shares in the last quarter.

Baidu Stock Up 1.1 %

Shares of BIDU traded up $0.97 during trading hours on Tuesday, hitting $91.23. 3,024,506 shares of the company were exchanged, compared to its average volume of 4,106,359. The company has a market cap of $31.52 billion, a PE ratio of 9.95, a PEG ratio of 2.96 and a beta of 0.37. The firm's 50 day moving average is $89.18 and its 200-day moving average is $88.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and issued a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Finally, Mizuho lifted their target price on shares of Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Baidu has an average rating of "Hold" and an average price target 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.