4,602 Shares in Baidu, Inc. $BIDU Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,602 shares of the information services provider’s stock, valued at approximately $601,000.

A number of other hedge funds have also modified their holdings of BIDU. Schroder Investment Management Group bought a new position in Baidu in the third quarter valued at approximately $165,334,000. RPD Fund Management LLC raised its stake in shares of Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after purchasing an additional 777,570 shares in the last quarter. Contrarius Group Holdings Ltd raised its stake in shares of Baidu by 500.3% during the 3rd quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock worth $117,506,000 after purchasing an additional 743,205 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Baidu by 106.7% in the 3rd quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after buying an additional 582,832 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in shares of Baidu in the 3rd quarter valued at approximately $59,966,000.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $132.68 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a 12 month low of $83.30 and a 12 month high of $165.30. The stock has a 50 day moving average of $125.29 and a 200-day moving average of $129.62. The company has a market capitalization of $45.14 billion, a P/E ratio of -1,105.57, a P/E/G ratio of 2.30 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BIDU shares. Zacks Research downgraded shares of Baidu from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Nomura raised their target price on shares of Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Zephirin Group lifted their price target on Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.58.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.