Northern Trust Corp Boosts Position in Baidu, Inc. (NASDAQ:BIDU)

Northern Trust Corp lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 68.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 240,654 shares of the information services provider's stock after acquiring an additional 98,178 shares during the period. Northern Trust Corp owned 0.07% of Baidu worth $20,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dodge & Cox increased its position in Baidu by 0.4% during the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after buying an additional 22,000 shares during the period. Pictet Asset Management Holding SA increased its position in Baidu by 9.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after buying an additional 207,966 shares during the period. Appaloosa LP increased its position in Baidu by 7.2% during the fourth quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after buying an additional 102,909 shares during the period. Dimensional Fund Advisors LP increased its position in Baidu by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock worth $113,845,000 after buying an additional 4,236 shares during the period. Finally, North of South Capital LLP increased its position in Baidu by 18.9% during the fourth quarter. North of South Capital LLP now owns 614,847 shares of the information services provider's stock worth $51,838,000 after buying an additional 97,549 shares during the period.

Baidu Price Performance

BIDU traded up $0.16 during trading on Friday, reaching $89.34. 2,260,032 shares of the stock were exchanged, compared to its average volume of 4,100,905. The business's 50 day moving average price is $89.03 and its two-hundred day moving average price is $88.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 2.96 and a beta of 0.37. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25.

Analyst Upgrades and Downgrades

BIDU has been the topic of several research analyst reports. Barclays cut their price target on Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Baidu currently has an average rating of "Hold" and an average target price of $110.83.

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.