Baidu, Inc. (NASDAQ:BIDU) Stake Boosted by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 193.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,500 shares of the information services provider’s stock after purchasing an additional 12,200 shares during the period. Banco BTG Pactual S.A.’s holdings in Baidu were worth $1,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIDU. Rialto Wealth Management LLC acquired a new stake in shares of Baidu during the 4th quarter valued at about $42,000. Sycomore Asset Management bought a new stake in Baidu in the fourth quarter worth approximately $51,000. World Investment Advisors LLC acquired a new position in shares of Baidu during the 3rd quarter worth $72,000. Transamerica Financial Advisors Inc. bought a new position in shares of Baidu during the 3rd quarter valued at $82,000. Finally, Denver PWM LLC lifted its stake in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares during the last quarter.

Baidu Price Performance

Shares of Baidu stock opened at $95.38 on Wednesday. Baidu, Inc. has a twelve month low of $77.20 and a twelve month 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 firm’s 50-day simple moving average is $90.73 and its 200-day simple moving average is $90.14. The firm has a market cap of $33.44 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their target price on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Citigroup reduced their target price on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Finally, JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.25.

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.