4,644 Shares in Baidu, Inc. (NASDAQ:BIDU) Bought by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,644 shares of the information services provider's stock, valued at approximately $392,000.

Several other large investors have also recently added to or reduced their stakes in the business. RPD Fund Management LLC purchased a new position in shares of Baidu in the 4th quarter worth about $72,245,000. FIL Ltd raised its holdings in shares of Baidu by 367.1% in the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after purchasing an additional 471,497 shares during the period. Cantor Fitzgerald L. P. raised its holdings in shares of Baidu by 1,510.9% in the 4th quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock worth $33,722,000 after purchasing an additional 375,145 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after purchasing an additional 330,627 shares during the period. Finally, Contrarius Group Holdings Ltd purchased a new position in shares of Baidu in the 4th quarter worth about $27,328,000.

Baidu Stock Performance

Shares of NASDAQ BIDU traded down $2.58 during trading on Friday, reaching $81.81. The stock had a trading volume of 4,345,417 shares, compared to its average volume of 4,153,747. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market cap of $28.26 billion, a PE ratio of 8.92, a P/E/G ratio of 2.96 and a beta of 0.37. The firm's 50 day moving average price is $87.01 and its two-hundred day moving average price is $87.68.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of research reports. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Citigroup dropped their target price on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Barclays set a $84.00 target price on Baidu and gave the company an "equal weight" rating in a 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $107.82.

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.