Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by Mcdonald Partners LLC

Mcdonald Partners LLC grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 41.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,114 shares of the information services provider’s stock after purchasing an additional 1,212 shares during the period. Mcdonald Partners LLC’s holdings in Baidu were worth $347,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Sycomore Asset Management acquired a new position in shares of Baidu during the fourth quarter valued at $51,000. WCM Investment Management LLC increased its holdings in shares of Baidu by 81.4% during the fourth quarter. WCM Investment Management LLC now owns 13,666 shares of the information services provider’s stock valued at $1,149,000 after purchasing an additional 6,132 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Baidu by 45.4% during the fourth quarter. Bleakley Financial Group LLC now owns 5,873 shares of the information services provider’s stock valued at $495,000 after purchasing an additional 1,835 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after purchasing an additional 330,627 shares during the period. Finally, Ping Capital Management Inc. increased its holdings in shares of Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock valued at $843,000 after purchasing an additional 7,500 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a report on Tuesday. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Monday, November 25th. Citigroup lowered their target price on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Baidu in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $112.08.

Baidu Trading Down 7.5 %

NASDAQ:BIDU opened at $90.16 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The firm has a market capitalization of $31.61 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The stock has a fifty day simple moving average of $87.10 and a 200 day simple moving average of $88.79.

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.