Schonfeld Strategic Advisors LLC Increases Stake in Baidu, Inc. (NASDAQ:BIDU)

Schonfeld Strategic Advisors LLC grew its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 1,154.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,905 shares of the information services provider's stock after buying an additional 140,718 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Baidu were worth $12,891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BIDU. Rialto Wealth Management LLC purchased a new stake in Baidu during the 4th quarter valued at $42,000. Sycomore Asset Management bought a new stake in Baidu in the 4th quarter worth about $51,000. GeoWealth Management LLC raised its position in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after buying an additional 308 shares during the last quarter. Denver PWM LLC lifted its stake in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after acquiring an additional 220 shares during the period. Finally, Retireful LLC bought a new position in Baidu during the 4th quarter valued at about $205,000.

Analyst Upgrades and Downgrades

BIDU has been the subject of several research reports. Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $110.83.

Baidu Price Performance

Shares of BIDU traded up $2.05 during trading hours on Friday, reaching $89.96. 2,223,295 shares of the stock traded hands, compared to its average volume of 4,112,222. The company has a market cap of $31.08 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $89.15 and its two-hundred day moving average price is $88.15. Baidu, Inc. has a 52-week low of $74.71 and a 52-week 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.