Headlands Technologies LLC Makes New $1.80 Million Investment in Baidu, Inc. (NASDAQ:BIDU)

Headlands Technologies LLC acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,116 shares of the information services provider's stock, valued at approximately $1,800,000.

A number of other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp grew its position in Baidu by 14.3% in the fourth quarter. Truist Financial Corp now owns 9,749 shares of the information services provider's stock worth $1,161,000 after acquiring an additional 1,222 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Baidu by 4,954.5% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 37,100 shares of the information services provider's stock worth $4,407,000 after acquiring an additional 36,366 shares in the last quarter. New York State Common Retirement Fund grew its position in Baidu by 20.0% in the fourth quarter. New York State Common Retirement Fund now owns 58,877 shares of the information services provider's stock worth $7,012,000 after acquiring an additional 9,800 shares in the last quarter. Jennison Associates LLC grew its position in Baidu by 54.5% in the fourth quarter. Jennison Associates LLC now owns 85,306 shares of the information services provider's stock worth $10,159,000 after acquiring an additional 30,103 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its position in Baidu by 23.7% in the fourth quarter. Waterfront Wealth Inc. now owns 11,841 shares of the information services provider's stock worth $1,410,000 after acquiring an additional 2,265 shares in the last quarter.

Wall Street Analyst Weigh In

BIDU has been the subject of several recent research reports. Barclays dropped their price target on Baidu from $138.00 to $133.00 and set an "overweight" rating for the company in a research report on Thursday, February 29th. Citigroup decreased 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. HSBC decreased 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. Finally, StockNews.com downgraded shares of Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Baidu currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

Baidu Stock Up 0.6 %

BIDU stock traded up $0.62 during trading on Friday, hitting $100.52. 4,816,699 shares of the company's stock traded hands, compared to its average volume of 2,670,415. The firm has a market capitalization of $35.25 billion, a P/E ratio of 13.02 and a beta of 0.68. The business has a fifty day simple moving average of $103.06 and a two-hundred day simple moving average of $108.55. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 1 year low of $94.25 and a 1 year high of $156.98.

Baidu Company 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.