Baidu, Inc. (NASDAQ:BIDU) Position Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 23.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,679 shares of the information services provider’s stock after buying an additional 1,817 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Baidu were worth $816,000 as of its most recent filing with the SEC.

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

Baidu Stock Down 3.6 %

BIDU stock opened at $76.86 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The firm has a market cap of $26.95 billion, a PE ratio of 8.38, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a 12 month low of $75.55 and a 12 month high of $116.25. The firm has a 50 day simple moving average of $91.47 and a 200 day simple moving average of $90.41.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BIDU shares. Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Barclays raised their price target on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.25.

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.