Compagnie Lombard Odier SCmA Acquires Shares of 8,478 Baidu, Inc. (NASDAQ:BIDU)

Compagnie Lombard Odier SCmA bought a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,478 shares of the information services provider's stock, valued at approximately $780,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of Baidu by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 45,949 shares of the information services provider's stock worth $3,874,000 after purchasing an additional 3,200 shares during the period. Diametric Capital LP increased its stake in Baidu by 51.9% during the 4th quarter. Diametric Capital LP now owns 8,218 shares of the information services provider's stock valued at $693,000 after purchasing an additional 2,809 shares in the last quarter. Cantor Fitzgerald L. P. raised its holdings in Baidu by 1,510.9% during the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock worth $33,722,000 after buying an additional 375,145 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Baidu by 19.4% in the fourth quarter. Nuveen Asset Management LLC now owns 166,858 shares of the information services provider's stock valued at $14,068,000 after buying an additional 27,057 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Baidu by 17.5% during the fourth quarter. Cerity Partners LLC now owns 4,281 shares of the information services provider's stock valued at $365,000 after buying an additional 638 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BIDU shares. Nomura cut shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Wall Street Zen cut Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Benchmark reduced their target price on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, Barclays set a $84.00 target price on shares of Baidu and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $107.82.

Baidu Stock Performance

BIDU traded down $1.81 during midday trading on Friday, reaching $86.00. The company had a trading volume of 2,412,515 shares, compared to its average volume of 4,132,871. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $116.25. The business has a 50-day moving average price of $85.90 and a two-hundred day moving average price of $87.79. The stock has a market cap of $29.71 billion, a PE ratio of 9.38, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.