OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 43,756 Baidu, Inc. (NASDAQ:BIDU)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,756 shares of the information services provider's stock, valued at approximately $3,689,000.

Several other institutional investors also recently modified their holdings of the stock. Maytus Capital Management LLC grew its stake in Baidu by 272.1% in the 4th quarter. Maytus Capital Management LLC now owns 80,000 shares of the information services provider's stock worth $6,745,000 after buying an additional 58,500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Baidu by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 234,832 shares of the information services provider's stock worth $19,798,000 after acquiring an additional 3,494 shares in the last quarter. LMR Partners LLP purchased a new position in Baidu in the fourth quarter worth $11,467,000. Cantor Fitzgerald L. P. increased its stake in Baidu by 1,510.9% in the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock valued at $33,722,000 after acquiring an additional 375,145 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Baidu by 14.1% during the fourth quarter. Bank of America Corp DE now owns 913,466 shares of the information services provider's stock valued at $77,014,000 after purchasing an additional 112,680 shares in the last quarter.

Baidu Trading Up 5.1%

NASDAQ BIDU opened at $91.27 on Tuesday. The stock has a market cap of $31.53 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The stock has a 50 day simple moving average of $89.29 and a two-hundred day simple moving average of $88.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

Analysts Set New Price Targets

Several equities analysts have recently commented on BIDU shares. Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Finally, Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $110.83.

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.

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu, Inc. (NASDAQ:BIDU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.