ARGA Investment Management LP Has $114.33 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

ARGA Investment Management LP grew its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 960,053 shares of the information services provider's stock after acquiring an additional 111,505 shares during the quarter. Baidu comprises 4.0% of ARGA Investment Management LP's holdings, making the stock its 9th largest holding. ARGA Investment Management LP's holdings in Baidu were worth $114,333,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Baidu in the fourth quarter valued at approximately $25,000. Headinvest LLC purchased a new stake in shares of Baidu in the third quarter valued at about $36,000. FNY Investment Advisers LLC purchased a new stake in shares of Baidu in the fourth quarter valued at about $42,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Baidu during the fourth quarter valued at about $48,000. Finally, ING Groep NV boosted its holdings in Baidu by 103.2% during the third quarter. ING Groep NV now owns 443 shares of the information services provider's stock worth $60,000 after purchasing an additional 225 shares during the last quarter.

Baidu Stock Performance

Shares of NASDAQ:BIDU traded up $1.84 during trading on Thursday, hitting $112.59. 9,216,437 shares of the company were exchanged, compared to its average volume of 3,444,529. The company has a market cap of $39.48 billion, a PE ratio of 14.58 and a beta of 0.68. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a 50 day moving average of $104.11 and a 200 day moving average of $108.17.

Analyst Ratings Changes

Several equities analysts have commented on BIDU shares. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research report on Saturday, March 23rd. Benchmark dropped their price target on Baidu from $210.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, May 6th. Mizuho reduced their price objective on Baidu from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Friday, May 10th. Barclays lowered their target price on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. Finally, HSBC reduced their price target on shares of Baidu from $157.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Baidu has an average rating of "Moderate Buy" and a consensus target price of $166.64.

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.