National Bank of Canada FI Increases Position in Baidu, Inc. (NASDAQ:BIDU)

National Bank of Canada FI increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 90,390.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 901,280 shares of the information services provider's stock after acquiring an additional 900,284 shares during the period. National Bank of Canada FI's holdings in Baidu were worth $103,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BIDU. Black Creek Investment Management Inc. increased its stake in shares of Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider's stock valued at $280,698,000 after purchasing an additional 63,239 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Baidu by 15.3% in the third quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider's stock valued at $241,076,000 after buying an additional 238,374 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Baidu by 8.8% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider's stock worth $171,336,000 after buying an additional 116,047 shares during the period. Invesco Ltd. lifted its position in shares of Baidu by 6.4% during the 3rd quarter. Invesco Ltd. now owns 1,301,583 shares of the information services provider's stock valued at $174,868,000 after buying an additional 78,331 shares in the last quarter. Finally, RWC Asset Advisors US LLC grew its stake in Baidu by 5.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 1,164,713 shares of the information services provider's stock valued at $138,706,000 after acquiring an additional 58,686 shares during the period.

Baidu Trading Up 1.5 %

Shares of BIDU stock traded up $1.66 on Friday, hitting $113.41. 3,724,504 shares of the stock traded hands, compared to its average volume of 3,581,455. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98. The stock has a market capitalization of $39.77 billion, a PE ratio of 14.69 and a beta of 0.68. The firm's 50-day moving average price is $103.01 and its two-hundred day moving average price is $108.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BIDU shares. Citigroup reduced their price objective on shares of Baidu from $181.00 to $176.00 and set a "buy" rating for the company in a research report on Tuesday, April 9th. Barclays lowered their price objective on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a report on Thursday, February 29th. StockNews.com lowered Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. Finally, HSBC decreased their target price on Baidu from $157.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.64.

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.