International Assets Investment Management LLC Makes New Investment in Baidu, Inc. (NASDAQ:BIDU)

International Assets Investment Management LLC bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 102,656 shares of the information services provider's stock, valued at approximately $12,225,000.

A number of other institutional investors have also recently modified their holdings of the stock. Kingsview Wealth Management LLC lifted its position in shares of Baidu by 6.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider's stock valued at $255,000 after acquiring an additional 113 shares during the period. Financial Counselors Inc. lifted its position in shares of Baidu by 8.9% during the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider's stock valued at $230,000 after acquiring an additional 140 shares during the period. Ignite Planners LLC raised its holdings in shares of Baidu by 4.9% during the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider's stock worth $421,000 after buying an additional 171 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Baidu by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider's stock worth $547,000 after buying an additional 195 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Baidu during the 4th quarter worth $25,000.

Baidu Trading Down 0.1 %

NASDAQ:BIDU traded down $0.08 on Monday, reaching $113.33. 1,879,998 shares of the stock traded hands, compared to its average volume of 3,429,806. The company has a current ratio of 3.01, a quick 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. The company's 50 day moving average is $103.06 and its 200-day moving average is $108.07. The firm has a market capitalization of $39.74 billion, a price-to-earnings ratio of 14.68 and a beta of 0.68.

Analyst Ratings Changes

A number of research firms have recently commented on BIDU. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a report on Saturday, March 23rd. Benchmark lowered their price target on Baidu from $210.00 to $180.00 and set a "buy" rating for the company in a report on Monday. HSBC lowered their price target on Baidu from $157.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. Citigroup lowered their price target on Baidu from $181.00 to $176.00 and set a "buy" rating for the company in a report on Tuesday, April 9th. Finally, Barclays lowered their price target on Baidu from $138.00 to $133.00 and set an "overweight" rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $169.50.

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.