SRN Advisors LLC Grows Stake in Baidu, Inc. (NASDAQ:BIDU)

SRN Advisors LLC boosted its stake in Baidu, Inc. (NASDAQ:BIDU) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,800 shares of the information services provider’s stock after buying an additional 468 shares during the quarter. Baidu makes up approximately 1.2% of SRN Advisors LLC’s portfolio, making the stock its 25th largest holding. SRN Advisors LLC’s holdings in Baidu were worth $1,332,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA lifted its position in shares of Baidu by 1.5% in the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after acquiring an additional 176,150 shares in the last quarter. Sanders Capital LLC lifted its holdings in Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after purchasing an additional 18,334 shares in the last quarter. CoreView Capital Management Ltd boosted its stake in Baidu by 15.6% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock worth $130,221,000 after purchasing an additional 166,618 shares during the last quarter. North of South Capital LLP boosted its stake in Baidu by 18.9% during the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider’s stock worth $51,838,000 after purchasing an additional 97,549 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new stake in shares of Baidu during the third quarter worth $42,748,000.

Baidu Stock Performance

Shares of BIDU stock opened at $89.16 on Thursday. 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 firm has a market cap of $31.26 billion, a P/E ratio of 9.72, a P/E/G ratio of 2.96 and a beta of 0.46. The firm’s 50 day moving average price is $87.07 and its 200-day moving average price is $89.02. Baidu, Inc. has a one year low of $77.19 and a one year high of $116.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Finally, Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.25.

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.