102,656 Shares in Baidu, Inc. (NASDAQ:BIDU) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 102,656 shares of the information services provider’s stock, valued at approximately $12,225,000.

Several other large investors also recently added to or reduced their stakes in BIDU. Black Creek Investment Management Inc. boosted its position in shares of Baidu by 3.1% during the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock valued at $280,698,000 after acquiring an additional 63,239 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Baidu by 15.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after acquiring an additional 238,374 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its position in Baidu by 8.8% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after acquiring an additional 116,047 shares in the last quarter. Invesco Ltd. increased its stake in Baidu by 6.4% in the third quarter. Invesco Ltd. now owns 1,301,583 shares of the information services provider’s stock valued at $174,868,000 after acquiring an additional 78,331 shares during the last quarter. Finally, Sanders Capital LLC raised its position in Baidu by 10.0% during the third quarter. Sanders Capital LLC now owns 626,033 shares of the information services provider’s stock valued at $84,108,000 after purchasing an additional 56,720 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have commented on BIDU shares. Barclays decreased their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Citigroup decreased their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. Finally, HSBC cut their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and an average target price of $171.64.

Baidu Price Performance

BIDU opened at $113.41 on Monday. Baidu, Inc. has a 12-month low of $94.25 and a 12-month high of $156.98. The company has a market cap of $39.77 billion, a price-to-earnings ratio of 14.69 and a beta of 0.68. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $103.01 and a two-hundred day simple moving average of $108.03.

Baidu 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.