Ninety One UK Ltd trimmed its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 62.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,043 shares of the information services provider's stock after selling 32,959 shares during the quarter. Ninety One UK Ltd's holdings in Baidu were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Baidu by 1,377.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock worth $490,035,000 after buying an additional 4,964,350 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Baidu during the 2nd quarter valued at $80,618,000. Massachusetts Financial Services Co. MA boosted its stake in Baidu by 319.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider's stock worth $74,298,000 after acquiring an additional 615,061 shares in the last quarter. Triata Capital Ltd grew its holdings in Baidu by 193.9% in the first quarter. Triata Capital Ltd now owns 568,432 shares of the information services provider's stock worth $52,313,000 after purchasing an additional 375,007 shares during the period. Finally, Mondrian Investment Partners LTD increased its stake in Baidu by 41.7% in the first quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider's stock valued at $71,556,000 after purchasing an additional 228,623 shares in the last quarter.
Baidu Trading Up 4.3%
NASDAQ BIDU opened at $137.44 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $103.06 and a 200 day simple moving average of $92.97. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $141.60. The firm has a market capitalization of $47.48 billion, a P/E ratio of 12.67 and a beta of 0.41.
Analyst Upgrades and Downgrades
BIDU has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Baidu from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Citigroup upped their price target on Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Dbs Bank raised Baidu from a "hold" rating to a "buy" rating and raised their price objective for the company from $85.00 to $177.00 in a research note on Thursday, September 25th. Arete Research upgraded Baidu from a "sell" rating to a "buy" rating and set a $143.00 price objective for the company in a report on Tuesday, September 16th. Finally, Jefferies Financial Group upped their target price on Baidu from $108.00 to $157.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $122.42.
View Our Latest Report on Baidu
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.
Further Reading
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