Healthcare of Ontario Pension Plan Trust Fund Invests $36.27 Million in Baidu, Inc. (NASDAQ:BIDU)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 344,500 shares of the information services provider’s stock, valued at approximately $36,272,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.10% of Baidu at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Guinness Asset Management LTD boosted its holdings in Baidu by 4.4% in the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after purchasing an additional 100 shares in the last quarter. Grove Bank & Trust boosted its holdings in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. boosted its holdings in Baidu by 9.0% in the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after purchasing an additional 171 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after purchasing an additional 250 shares in the last quarter.

Baidu Stock Up 1.6 %

Shares of BIDU opened at $84.82 on Thursday. The company has a 50-day simple moving average of $93.64 and a 200-day simple moving average of $91.99. The firm has a market capitalization of $29.74 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. Baidu, Inc. has a 52 week low of $78.95 and a 52 week high of $123.74.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BIDU. HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday, September 24th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Tuesday. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a report on Monday. Finally, Jefferies Financial Group decreased their price target on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $114.92.

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.