RWC Asset Management LLP Has $40.87 Million Stock Position in Baidu, Inc. (NASDAQ:BIDU)

RWC Asset Management LLP increased its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 343,173 shares of the information services provider's stock after buying an additional 8,423 shares during the period. Baidu accounts for approximately 2.5% of RWC Asset Management LLP's holdings, making the stock its 11th biggest position. RWC Asset Management LLP's holdings in Baidu were worth $40,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC boosted its holdings in Baidu by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider's stock valued at $255,000 after purchasing an additional 113 shares during the period. CWM LLC boosted its holdings in Baidu by 8.7% in the 3rd quarter. CWM LLC now owns 1,591 shares of the information services provider's stock valued at $214,000 after purchasing an additional 127 shares during the period. Financial Counselors Inc. raised its stake in shares of Baidu by 8.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider's stock valued at $230,000 after buying an additional 140 shares in the last quarter. Ignite Planners LLC raised its stake in shares of Baidu by 4.9% in the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider's stock valued at $421,000 after buying an additional 171 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Baidu by 5.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider's stock valued at $547,000 after buying an additional 195 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BIDU. Citigroup dropped their price objective on shares of Baidu from $181.00 to $176.00 and set a "buy" rating for the company in a research note on Tuesday, April 9th. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. Barclays dropped their price objective on shares of Baidu from $138.00 to $133.00 and set an "overweight" rating for the company in a research note on Thursday, February 29th. Finally, HSBC dropped their price objective on shares of Baidu from $157.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $171.64.

Baidu Price Performance

BIDU traded up $0.62 during midday trading on Friday, hitting $100.52. The company had a trading volume of 4,816,699 shares, compared to its average volume of 2,670,415. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market capitalization of $35.25 billion, a PE ratio of 13.02 and a beta of 0.68. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98. The firm's 50-day simple moving average is $103.06 and its 200-day simple moving average is $108.72.

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.