Kercheville Advisors LLC bought a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,050 shares of the information services provider's stock, valued at approximately $1,385,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox lifted its position in shares of Baidu by 0.4% during the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock valued at $498,796,000 after acquiring an additional 22,000 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of 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 valued at $203,213,000 after acquiring an additional 207,966 shares during the last quarter. Appaloosa LP lifted its position 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 valued at $128,818,000 after acquiring an additional 102,909 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 4,236 shares during the last quarter. Finally, CoreView Capital Management Ltd lifted 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 valued at $106,399,000 after acquiring an additional 25,220 shares during the last quarter.
Baidu Stock Up 1.5%
NASDAQ BIDU opened at $87.25 on Tuesday. 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 firm has a 50-day simple moving average of $86.29 and a 200 day simple moving average of $87.86. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The stock has a market cap of $30.14 billion, a PE ratio of 9.51, a PEG ratio of 2.96 and a beta of 0.33.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BIDU. Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Barclays set a $84.00 price target on shares of Baidu and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Citigroup lowered 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, Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $107.82.
View Our Latest Stock Analysis on BIDU
Baidu Company 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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