Baidu, Inc. $BIDU is Black Creek Investment Management Inc.’s 8th Largest Position

Black Creek Investment Management Inc. raised its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 892,555 shares of the information services provider’s stock after buying an additional 98,837 shares during the period. Baidu comprises 5.8% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 8th largest position. Black Creek Investment Management Inc. owned 0.26% of Baidu worth $116,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in Baidu by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after buying an additional 73 shares in the last quarter. Keel Point LLC lifted its position in Baidu by 1.7% during the third quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after buying an additional 84 shares in the last quarter. PDS Planning Inc lifted its position in shares of Baidu by 5.7% during the fourth quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock worth $213,000 after purchasing an additional 88 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Baidu by 25.9% during the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock worth $56,000 after purchasing an additional 88 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Baidu by 8.4% during the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after purchasing an additional 99 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Zephirin Group boosted their target price on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research report on Monday, March 2nd. BNP Paribas Exane assumed coverage on shares of Baidu in a research report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 target price on the stock. Zacks Research cut shares of Baidu from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Susquehanna boosted their target price on shares of Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Trading Down 0.3%

BIDU opened at $115.77 on Friday. The stock has a market capitalization of $39.39 billion, a PE ratio of -964.67, a P/E/G ratio of 1.98 and a beta of 0.54. The firm’s fifty day moving average price is $126.68 and its 200 day moving average price is $129.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. Baidu, Inc. has a 12-month low of $83.30 and a 12-month high of $165.30.

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.