Mercer Global Advisors Inc. ADV Takes $587,000 Position in Baidu, Inc. (NASDAQ:BIDU)

Mercer Global Advisors Inc. ADV purchased a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,965 shares of the information services provider's stock, valued at approximately $587,000.

Other large investors also recently bought and sold shares of the company. Intellectus Partners LLC raised its stake in shares of Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock valued at $1,414,000 after acquiring an additional 235 shares in the last quarter. US Bancorp DE raised its stake in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after buying an additional 270 shares in the last quarter. GeoWealth Management LLC raised its stake in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares in the last quarter. Ignite Planners LLC raised its stake in Baidu by 7.3% in the fourth quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock valued at $466,000 after buying an additional 376 shares in the last quarter. Finally, SRN Advisors LLC raised its stake in Baidu by 3.1% in the fourth quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider's stock valued at $1,332,000 after buying an additional 468 shares in the last quarter.

Baidu Stock Performance

NASDAQ BIDU traded up $0.16 during trading on Friday, reaching $89.34. The company's stock had a trading volume of 2,260,032 shares, compared to its average volume of 4,092,134. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.86 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The firm has a 50 day moving average price of $89.03 and a 200 day moving average price of $87.97.

Analyst Ratings Changes

A number of research firms have recently commented on BIDU. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. StockNews.com lowered Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Mizuho boosted their price target on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Barclays dropped their price objective on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Baidu has a consensus rating of "Hold" and a consensus target price of $109.55.

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.