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

Cerity Partners LLC raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,281 shares of the information services provider’s stock after purchasing an additional 638 shares during the quarter. Cerity Partners LLC’s holdings in Baidu were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after buying an additional 227,338 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Baidu in the 3rd quarter worth about $72,000. Union Bancaire Privee UBP SA acquired a new position in Baidu during the fourth quarter valued at approximately $558,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Baidu by 1,111.3% during the 4th 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 acquiring an additional 330,627 shares in the last quarter. Finally, Ping Capital Management Inc. boosted its position in shares of Baidu by 300.0% in the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock worth $843,000 after buying an additional 7,500 shares during the period.

Baidu Trading Up 2.5 %

Baidu stock opened at $85.06 on Wednesday. The stock has a market cap of $29.83 billion, a P/E ratio of 9.28, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $89.51 and its 200-day simple moving average is $88.89.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BIDU. Nomura Securities lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Barclays lowered their price target on Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday. Mizuho increased their price objective on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $110.83.

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.