Pinebridge Investments L.P. Acquires 4,939 Shares of Baidu, Inc. (NASDAQ:BIDU)

Pinebridge Investments L.P. raised its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,383 shares of the information services provider's stock after buying an additional 4,939 shares during the quarter. Pinebridge Investments L.P.'s holdings in Baidu were worth $5,597,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BIDU. Dodge & Cox raised its position in Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after purchasing an additional 22,000 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock valued at $203,213,000 after purchasing an additional 207,966 shares in the last quarter. Appaloosa LP increased its stake in shares of Baidu by 7.2% in the fourth quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock valued at $128,818,000 after buying an additional 102,909 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Baidu by 0.3% in 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 acquiring an additional 4,236 shares during the last quarter. Finally, North of South Capital LLP lifted its position in shares of 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 purchasing an additional 97,549 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on BIDU shares. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Barclays decreased their price objective on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $110.83.

Baidu Stock Down 2.7 %

NASDAQ BIDU traded down $2.45 during trading hours on Wednesday, hitting $87.01. 1,147,084 shares of the company traded hands, compared to its average volume of 4,130,003. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The business's 50-day moving average is $89.20 and its 200-day moving average is $88.31. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25.

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.