Teachers Retirement System of The State of Kentucky Raises Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Teachers Retirement System of The State of Kentucky grew its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 54.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 108,800 shares of the information services provider's stock after acquiring an additional 38,290 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Baidu were worth $9,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denver PWM LLC lifted its position in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after buying an additional 220 shares during the last quarter. Intellectus Partners LLC lifted its position in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after buying an additional 235 shares during the last quarter. US Bancorp DE lifted its position in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock worth $340,000 after buying an additional 270 shares during the last quarter. GeoWealth Management LLC lifted its position in Baidu by 88.5% in the fourth 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. Finally, Ignite Planners LLC lifted its position in Baidu by 7.3% in the fourth quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock worth $466,000 after buying an additional 376 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BIDU. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho lifted their target price on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Barclays decreased their target price 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $110.83.

Baidu Stock Performance

Shares of NASDAQ BIDU traded up $1.24 during midday trading on Friday, reaching $90.74. The company had a trading volume of 2,979,851 shares, compared to its average volume of 4,183,350. The business's 50-day simple moving average is $89.16 and its 200 day simple moving average is $88.39. The stock has a market cap of $31.35 billion, a P/E ratio of 9.90, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

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.