Banco Bilbao Vizcaya Argentaria S.A. Makes New $2.70 Million Investment in Baidu, Inc. (NASDAQ:BIDU)

Banco Bilbao Vizcaya Argentaria S.A. bought a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,714 shares of the information services provider's stock, valued at approximately $2,695,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Denver PWM LLC increased its holdings in shares of Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC lifted its stake in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock valued at $1,414,000 after buying an additional 235 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after buying an additional 270 shares during the period. GeoWealth Management LLC increased its position in shares of Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares in the last quarter. Finally, Ignite Planners LLC raised its holdings 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 worth $466,000 after acquiring an additional 376 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BIDU. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Barclays reduced their target price on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Mizuho boosted their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $110.83.

Baidu Stock Performance

BIDU stock traded up $0.09 during mid-day trading on Thursday, hitting $87.91. 980,090 shares of the company were exchanged, compared to its average volume of 4,123,445. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The business has a 50 day simple moving average of $89.13 and a 200-day simple moving average of $88.30. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $30.37 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33.

About Baidu

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.