Baidu, Inc. (NASDAQ:BIDU) Position Increased by Pitcairn Co.

Pitcairn Co. lifted its position in Baidu, Inc. (NASDAQ:BIDU) by 45.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,322 shares of the information services provider’s stock after buying an additional 2,283 shares during the quarter. Pitcairn Co.’s holdings in Baidu were worth $617,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BIDU. Rialto Wealth Management LLC acquired a new stake in Baidu during the 4th quarter valued at $42,000. Sycomore Asset Management acquired a new position in Baidu during the fourth quarter valued at $51,000. Denver PWM LLC lifted its stake in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in Baidu during the 3rd quarter worth about $201,000. Finally, Retireful LLC acquired a new position in shares of Baidu in the 4th quarter valued at about $205,000.

Analysts Set New Price Targets

BIDU has been the subject of several research reports. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Barclays upped their price target on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Finally, Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.25.

Baidu Trading Down 8.2 %

Shares of NASDAQ:BIDU opened at $82.43 on Friday. Baidu, Inc. has a 52-week low of $77.20 and a 52-week high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The company has a market cap of $28.90 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.96 and a beta of 0.33. The stock’s 50-day moving average is $92.19 and its 200-day moving average is $90.54.

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.