LMR Partners LLP Takes Position in Baidu, Inc. (NASDAQ:BIDU)

LMR Partners LLP bought a new position in shares of 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 bought 136,013 shares of the information services provider's stock, valued at approximately $11,467,000.

A number of other hedge funds also recently added to or reduced their stakes in BIDU. FIL Ltd raised its position in shares of Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after purchasing an additional 471,497 shares during the last quarter. Cantor Fitzgerald L. P. grew its holdings in Baidu by 1,510.9% during the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after buying an additional 330,627 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new position in shares of Baidu in the fourth quarter worth $27,328,000. Finally, SG Americas Securities LLC lifted its position in shares of Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after acquiring an additional 227,338 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho lifted their price objective on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Nomura lowered shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Benchmark reissued a "buy" rating and set a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Baidu has a consensus rating of "Hold" and an average target price of $110.83.

Baidu Trading Down 3.6%

BIDU stock traded down $3.32 during trading on Thursday, reaching $89.18. 5,149,407 shares of the stock traded hands, compared to its average volume of 4,128,707. The firm has a market capitalization of $30.81 billion, a PE ratio of 9.73, a P/E/G ratio of 2.96 and a beta of 0.37. 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 business's 50 day moving average price is $89.20 and its 200-day moving average price is $88.08. Baidu, Inc. has a 52-week low of $74.71 and a 52-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.