GMT Capital Corp Increases Position in Baidu, Inc. (NASDAQ:BIDU)

GMT Capital Corp raised its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 413,127 shares of the information services provider's stock after buying an additional 33,900 shares during the quarter. Baidu makes up approximately 1.7% of GMT Capital Corp's portfolio, making the stock its 18th biggest position. GMT Capital Corp owned approximately 0.12% of Baidu worth $34,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Denver PWM LLC boosted its stake in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after purchasing an additional 220 shares during the period. Intellectus Partners LLC boosted its stake in shares of Baidu by 1.4% during the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after buying an additional 235 shares during the period. US Bancorp DE grew its holdings in shares of Baidu by 7.2% during the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock worth $340,000 after buying an additional 270 shares during the last quarter. GeoWealth Management LLC raised its stake in Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the last quarter. Finally, Ignite Planners LLC raised its stake in Baidu by 7.3% during the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock valued at $466,000 after acquiring an additional 376 shares during the last quarter.

Baidu Price Performance

Shares of NASDAQ:BIDU traded down $0.92 during midday trading on Monday, hitting $89.82. 986,471 shares of the stock were exchanged, compared to its average volume of 4,170,788. The stock has a market cap of $31.03 billion, a P/E ratio of 9.79, a PEG ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a 50 day moving average price of $89.16 and a 200-day moving average price of $88.39. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

BIDU has been the topic of a number of recent research reports. Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday, February 19th. Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Barclays cut their price target on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Mizuho lifted their price objective on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $110.83.

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.