Vise Technologies Inc. Acquires New Shares in Baidu, Inc. (NASDAQ:BIDU)

Vise Technologies Inc. acquired a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,140 shares of the information services provider's stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu in the fourth quarter valued at $558,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Baidu by 1,111.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after acquiring an additional 330,627 shares in the last quarter. Ping Capital Management Inc. lifted its position in shares of Baidu by 300.0% in the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock valued at $843,000 after acquiring an additional 7,500 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Baidu by 7.5% in the fourth quarter. Ameriprise Financial Inc. now owns 45,949 shares of the information services provider's stock valued at $3,874,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Diametric Capital LP lifted its position in shares of Baidu by 51.9% in the fourth quarter. Diametric Capital LP now owns 8,218 shares of the information services provider's stock valued at $693,000 after acquiring an additional 2,809 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho raised their price target on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Macquarie reissued a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Benchmark cut their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Barclays set a $84.00 price objective on Baidu and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $107.82.

Baidu Stock Performance

Shares of BIDU traded down $2.58 during mid-day trading on Friday, hitting $81.81. The stock had a trading volume of 4,345,417 shares, compared to its average volume of 4,159,081. The company has a market cap of $28.26 billion, a PE ratio of 8.92, a PEG ratio of 2.96 and a beta of 0.37. The company's fifty day simple moving average is $86.74 and its two-hundred day simple moving average is $87.70. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25.

Baidu 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.