WCM Investment Management LLC Buys 4,821 Shares of Baidu, Inc. (NASDAQ:BIDU)

WCM Investment Management LLC increased its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 35.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,487 shares of the information services provider's stock after acquiring an additional 4,821 shares during the period. WCM Investment Management LLC's holdings in Baidu were worth $1,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock worth $37,000 after acquiring an additional 179 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in Baidu during the fourth quarter valued at about $42,000. CX Institutional purchased a new stake in Baidu during the first quarter valued at about $49,000. GeoWealth Management LLC boosted its position in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares during the period. Finally, Investors Research Corp boosted its position in Baidu by 20.5% during the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock valued at $162,000 after buying an additional 300 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on BIDU. Barclays set a $84.00 price target on shares of Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Benchmark cut 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. Citigroup cut their price target on shares of Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Macquarie restated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Baidu has a consensus rating of "Hold" and an average target price of $107.82.

Baidu Trading Down 0.1%

Shares of NASDAQ:BIDU traded down $0.08 during midday trading on Friday, hitting $86.37. 1,167,623 shares of the stock traded hands, compared to its average volume of 4,089,671. The stock has a market capitalization of $29.83 billion, a PE ratio of 8.57 and a beta of 0.33. The business's 50 day moving average is $86.77 and its two-hundred day moving average is $87.61. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.27. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25.

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.