Baidu, Inc. (NASDAQ:BIDU) Shares Bought by Intellectus Partners LLC

Intellectus Partners LLC lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,773 shares of the information services provider’s stock after buying an additional 235 shares during the quarter. Intellectus Partners LLC’s holdings in Baidu were worth $1,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Primecap Management Co. CA lifted its stake in 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 worth $1,276,521,000 after acquiring an additional 176,150 shares during the last quarter. Sanders Capital LLC lifted its position in shares of Baidu by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after purchasing an additional 18,334 shares during the last quarter. CoreView Capital Management Ltd increased its holdings in Baidu by 15.6% in the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after buying an additional 166,618 shares during the last quarter. North of South Capital LLP increased its holdings in Baidu by 18.9% in the fourth quarter. North of South Capital LLP now owns 614,847 shares of the information services provider’s stock valued at $51,838,000 after buying an additional 97,549 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in Baidu in the third quarter valued at $42,748,000.

Baidu Stock Up 1.5 %

Baidu stock opened at $94.80 on Friday. The stock has a 50 day moving average of $87.38 and a two-hundred day moving average of $89.13. Baidu, Inc. has a twelve month low of $77.20 and a twelve month high of $116.25. The stock has a market capitalization of $33.24 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 2.96 and a beta of 0.47. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BIDU shares. Barclays upped their price objective on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Baidu currently has a consensus rating of “Hold” and an average price target 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.