Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,754 shares of the information services provider's stock after purchasing an additional 10,564 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Baidu worth $25,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after acquiring an additional 227,338 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Baidu in the 3rd quarter worth $72,000. Union Bancaire Privee UBP SA bought a new position in shares of Baidu during the 4th quarter worth $558,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after buying an additional 330,627 shares during the period. Finally, Ping Capital Management Inc. raised its holdings in shares of Baidu by 300.0% in the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock valued at $843,000 after acquiring an additional 7,500 shares in the last quarter.

Baidu Stock Performance

Shares of Baidu stock traded down $0.79 on Friday, reaching $86.86. 2,054,925 shares of the stock were exchanged, compared to its average volume of 4,126,367. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The business has a 50 day moving average price of $89.30 and a two-hundred day moving average price of $88.03. 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 firm has a market capitalization of $30.01 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.96 and a beta of 0.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Barclays dropped their target price on Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Mizuho upped their price objective on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $110.83.

Baidu 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.