Asset Management One Co. Ltd. Acquires 264 Shares of Baidu, Inc. (NASDAQ:BIDU)

Asset Management One Co. Ltd. lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 33.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,043 shares of the information services provider’s stock after purchasing an additional 264 shares during the period. Asset Management One Co. Ltd.’s holdings in Baidu were worth $123,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors grew its position in Baidu by 4.0% during the second quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider’s stock worth $289,000 after buying an additional 75 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Baidu by 2.6% during the first quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider’s stock valued at $459,000 after purchasing an additional 88 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Baidu by 3.1% during the first quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider’s stock valued at $398,000 after purchasing an additional 90 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Baidu by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock valued at $255,000 after purchasing an additional 113 shares in the last quarter. Finally, CWM LLC boosted its holdings in Baidu by 8.7% during the third quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock valued at $214,000 after purchasing an additional 127 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $210.00 price objective on shares of Baidu in a report on Monday, December 18th. Citigroup decreased their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Barclays reduced their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.73.

Baidu Stock Performance

BIDU stock opened at $97.54 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The company has a 50 day moving average price of $104.74 and a 200 day moving average price of $111.02. Baidu, Inc. has a fifty-two week low of $96.58 and a fifty-two week high of $156.98. The stock has a market capitalization of $34.20 billion, a PE ratio of 12.63 and a beta of 0.68.

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.