Quantinno Capital Management LP Increases Holdings in Baidu, Inc. (NASDAQ:BIDU)

Quantinno Capital Management LP grew its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 182.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,410 shares of the information services provider's stock after purchasing an additional 3,498 shares during the period. Quantinno Capital Management LP's holdings in Baidu were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dodge & Cox boosted its position in 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 in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Baidu by 9.4% in 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 purchasing an additional 207,966 shares during the period. Appaloosa LP boosted its position in shares of Baidu by 7.2% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Baidu by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock worth $113,845,000 after purchasing an additional 4,236 shares during the period. Finally, Bank of America Corp DE raised its holdings in Baidu by 14.1% in the fourth quarter. Bank of America Corp DE now owns 913,466 shares of the information services provider's stock worth $77,014,000 after purchasing an additional 112,680 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIDU shares. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. 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. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Finally, Benchmark lowered their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Twelve equities 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, the stock has a consensus rating of "Hold" and a consensus price target of $107.82.

Baidu Stock Performance

NASDAQ BIDU traded down $1.84 during trading hours on Friday, hitting $82.55. The company's stock had a trading volume of 1,261,118 shares, compared to its average volume of 4,135,487. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The company's 50 day simple moving average is $87.01 and its two-hundred day simple moving average is $87.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The company has a market cap of $28.52 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37.

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.