Baidu, Inc. (NASDAQ:BIDU) Holdings Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,858 shares of the information services provider's stock after purchasing an additional 27,057 shares during the quarter. Nuveen Asset Management LLC's holdings in Baidu were worth $14,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Intellectus Partners LLC boosted its holdings in Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after acquiring an additional 235 shares during the period. US Bancorp DE boosted its holdings 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 acquiring an additional 270 shares during the period. GeoWealth Management LLC lifted its stake in shares of Baidu by 88.5% in 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. SRN Advisors LLC boosted its stake in shares of 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 during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in Baidu during the 4th quarter valued at $42,000.

Wall Street Analysts Forecast Growth

BIDU has been the subject of several research analyst reports. Macquarie reissued a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Benchmark dropped their price target on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen lowered Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $107.82.

Baidu Stock Performance

Shares of BIDU traded down $0.73 during trading hours on Wednesday, reaching $83.19. 2,901,161 shares of the company's stock traded hands, compared to its average volume of 4,138,250. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.96 and a beta of 0.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The business's fifty day simple moving average is $87.46 and its two-hundred day simple moving average is $87.73.

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.