Tower Research Capital LLC TRC Raises Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Tower Research Capital LLC TRC boosted its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 749.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,872 shares of the information services provider's stock after purchasing an additional 3,416 shares during the period. Tower Research Capital LLC TRC's holdings in Baidu were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after purchasing an additional 227,338 shares during the last quarter. World Investment Advisors LLC bought a new position in Baidu during the 3rd quarter worth approximately $72,000. Union Bancaire Privee UBP SA acquired a new position in shares of Baidu in the 4th quarter worth approximately $558,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after acquiring an additional 330,627 shares during the last quarter. Finally, Ping Capital Management Inc. lifted its stake in Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock worth $843,000 after purchasing an additional 7,500 shares during the last quarter.

Baidu Stock Performance

Shares of BIDU opened at $87.91 on Friday. The firm has a 50-day moving average price of $89.14 and a 200 day moving average price of $88.22. The firm has a market capitalization of $30.37 billion, a PE ratio of 9.59, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays decreased their price objective on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Sanford C. Bernstein reaffirmed 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. Finally, StockNews.com downgraded shares of Baidu from a "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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.

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