Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 67.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,457 shares of the information services provider's stock after purchasing an additional 3,824 shares during the period. Oppenheimer & Co. Inc.'s holdings in Baidu were worth $870,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BIDU. Dodge & Cox raised its position in shares of Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock valued at $498,796,000 after buying an additional 22,000 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock valued at $203,213,000 after acquiring an additional 207,966 shares during the last quarter. Appaloosa LP lifted its stake in shares of Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after purchasing an additional 102,909 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Baidu by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock worth $113,845,000 after purchasing an additional 4,236 shares during the last quarter. Finally, CoreView Capital Management Ltd boosted its holdings in shares of Baidu by 2.0% during the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock worth $106,399,000 after purchasing an additional 25,220 shares during the last quarter.

Baidu Price Performance

BIDU opened at $86.13 on Monday. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25. The company has a 50 day moving average of $86.87 and a two-hundred day moving average of $87.70. The company has a market cap of $29.75 billion, a P/E ratio of 8.54 and a beta of 0.33. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

BIDU has been the topic of several recent analyst reports. Barclays set a $84.00 target price on Baidu and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Citigroup decreased their target price on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Benchmark dropped their price target on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $107.82.

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.

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