Union Bancaire Privee UBP SA Makes New Investment in Baidu, Inc. (NASDAQ:BIDU)

Union Bancaire Privee UBP SA purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, Holdings Channel.com reports. The firm purchased 6,617 shares of the information services provider’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BIDU. Maple Rock Capital Partners Inc. acquired a new position in shares of Baidu in the 3rd quarter valued at about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Baidu during the 3rd quarter worth approximately $36,272,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Baidu by 1,111.3% during the 4th 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 in the last quarter. Hhlr Advisors LTD. purchased a new stake in Baidu during the 3rd quarter worth approximately $31,587,000. Finally, SG Americas Securities LLC increased its stake in Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after buying an additional 227,338 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BIDU. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Nomura Securities lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Barclays increased their price objective on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research note on Monday, November 25th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.25.

Baidu Price Performance

Shares of BIDU opened at $87.87 on Tuesday. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25. The stock’s 50 day moving average is $87.07 and its two-hundred day moving average is $88.99. The firm has a market capitalization of $30.81 billion, a PE ratio of 9.58, a P/E/G ratio of 2.91 and a beta of 0.46. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

About Baidu

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.