Bp Plc grew its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,860 shares of the information services provider’s stock after acquiring an additional 21,500 shares during the period. Bp Plc’s holdings in Baidu were worth $10,619,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Baidu by 79.4% in the second quarter. Advisors Asset Management Inc. now owns 6,367 shares of the information services provider’s stock worth $1,547,000 after acquiring an additional 2,818 shares during the last quarter. FMR LLC boosted its stake in shares of Baidu by 3,949.8% in the second quarter. FMR LLC now owns 621,403 shares of the information services provider’s stock worth $151,001,000 after acquiring an additional 606,059 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Baidu in the third quarter worth approximately $212,000. Guinness Asset Management Ltd boosted its stake in shares of Baidu by 21.0% in the third quarter. Guinness Asset Management Ltd now owns 32,480 shares of the information services provider’s stock worth $7,428,000 after acquiring an additional 5,640 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of Baidu by 2.4% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 142,543 shares of the information services provider’s stock worth $32,596,000 after acquiring an additional 3,406 shares during the last quarter. Institutional investors own 60.69% of the company’s stock.
A number of analysts have recently issued reports on BIDU shares. TheStreet lowered Baidu from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Morgan Stanley lowered Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target on the stock. in a research note on Tuesday, January 8th. Credit Suisse Group set a $246.00 price target on Baidu and gave the stock a “buy” rating in a research note on Sunday, December 30th. KeyCorp set a $236.00 price target on Baidu and gave the stock a “positive” rating in a research note on Wednesday, January 23rd. Finally, UBS Group set a $220.00 price target on Baidu and gave the stock a “buy” rating in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. Baidu presently has an average rating of “Buy” and an average target price of $252.87.
NASDAQ BIDU opened at $173.82 on Thursday. The firm has a market cap of $59.18 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.03 and a beta of 1.52. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24. Baidu Inc has a fifty-two week low of $153.78 and a fifty-two week high of $284.22.
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Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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