Centerstone Investors LLC lessened its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 52.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,792 shares of the information services provider's stock after selling 7,604 shares during the period. Baidu accounts for 0.8% of Centerstone Investors LLC's portfolio, making the stock its 25th largest holding. Centerstone Investors LLC's holdings in Baidu were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Dodge & Cox raised its position in shares of Baidu by 0.4% during the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after acquiring an additional 22,000 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after purchasing an additional 207,966 shares during the last quarter. Appaloosa LP lifted its position in Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock valued at $128,818,000 after purchasing an additional 102,909 shares during the period. Dimensional Fund Advisors LP lifted its position in Baidu by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock valued at $113,845,000 after purchasing an additional 4,236 shares during the period. Finally, CoreView Capital Management Ltd grew its position in shares of Baidu by 2.0% during the 4th quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock worth $106,399,000 after buying an additional 25,220 shares during the period.
Baidu Stock Down 0.3%
Shares of BIDU traded down $0.26 on Friday, hitting $83.81. The company's stock had a trading volume of 3,252,437 shares, compared to its average volume of 4,147,754. 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's fifty day moving average price is $87.96 and its 200-day moving average price is $87.80. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.96 and a beta of 0.37.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday. Mizuho upped their target price on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Benchmark reduced 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. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Macquarie reissued a "neutral" rating on shares of Baidu in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $107.82.
Check Out Our Latest Stock Report on BIDU
Baidu Profile
(
Free Report)
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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