Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,832 shares of the information services provider's stock after purchasing an additional 3,494 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Baidu worth $19,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BIDU. Rialto Wealth Management LLC bought a new position in Baidu during the 4th quarter worth $42,000. Sycomore Asset Management bought a new position in shares of Baidu during the fourth quarter worth about $51,000. GeoWealth Management LLC increased its holdings in shares of Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares during the period. Retireful LLC bought a new stake in Baidu in the 4th quarter valued at about $205,000. Finally, Savvy Advisors Inc. acquired a new position in Baidu during the 4th quarter valued at about $232,000.

Baidu Price Performance

Shares of Baidu stock traded up $0.16 during trading on Friday, hitting $89.34. The stock had a trading volume of 2,260,032 shares, compared to its average volume of 4,092,134. The business has a fifty day moving average of $89.03 and a two-hundred day moving average of $87.99. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The firm has a market cap of $30.86 billion, a P/E ratio of 9.74, a PEG 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.

Wall Street Analyst Weigh In

Several brokerages have commented on BIDU. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Mizuho increased 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. Finally, Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Eleven 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.55.

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.