Baidu, Inc. (NASDAQ:BIDU) is CoreView Capital Management Ltd's 4th Largest Position

CoreView Capital Management Ltd grew its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,262,003 shares of the information services provider's stock after purchasing an additional 25,220 shares during the period. Baidu comprises approximately 11.1% of CoreView Capital Management Ltd's investment portfolio, making the stock its 4th largest holding. CoreView Capital Management Ltd owned 0.36% of Baidu worth $106,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in Baidu in the 4th quarter worth about $42,000. Sycomore Asset Management acquired a new stake in shares of Baidu in the fourth quarter valued at about $51,000. GeoWealth Management LLC lifted 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 purchasing an additional 308 shares in the last quarter. Savvy Advisors Inc. acquired a new position in Baidu during the fourth quarter worth $232,000. Finally, Atomi Financial Group Inc. grew its holdings in shares of Baidu by 45.8% in the fourth quarter. Atomi Financial Group Inc. now owns 3,026 shares of the information services provider's stock valued at $255,000 after purchasing an additional 950 shares during the period.

Baidu Trading Down 0.1%

NASDAQ:BIDU opened at $89.25 on Tuesday. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a fifty day moving average price of $88.96 and a two-hundred day moving average price of $87.97. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 2.96 and a beta of 0.37.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Baidu in a report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $109.55.

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.

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