Vise Technologies Inc. Makes New $265,000 Investment in Baidu, Inc. (NASDAQ:BIDU)

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

Several other institutional investors have also recently bought and sold shares of the company. RPD Fund Management LLC bought a new stake in Baidu in the fourth quarter valued at about $72,245,000. FIL Ltd lifted its holdings in Baidu by 367.1% in the fourth quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock valued at $50,579,000 after buying an additional 471,497 shares during the period. Cantor Fitzgerald L. P. lifted its holdings in Baidu by 1,510.9% in the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock valued at $33,722,000 after buying an additional 375,145 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 purchasing an additional 330,627 shares in the last quarter. Finally, Contrarius Group Holdings Ltd bought a new stake in Baidu in the fourth quarter valued at approximately $27,328,000.

Baidu Price Performance

Shares of Baidu stock traded down $2.58 during midday trading on Friday, hitting $81.81. 4,345,417 shares of the company traded hands, compared to its average volume of 4,153,753. The stock has a market cap of $28.26 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 2.96 and a beta of 0.37. 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's fifty day moving average price is $86.74 and its 200-day moving average price is $87.66. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25.

Analyst Upgrades and Downgrades

BIDU has been the subject of several research reports. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark cut their price target on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Finally, Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Twelve 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 company currently has an average 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.