Geode Capital Management LLC Acquires 1,020 Shares of Baidu, Inc. (NASDAQ:BIDU)

Geode Capital Management LLC boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,628 shares of the information services provider’s stock after buying an additional 1,020 shares during the period. Geode Capital Management LLC’s holdings in Baidu were worth $10,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors LLC bought a new stake in Baidu during the third quarter valued at about $72,000. Denver PWM LLC lifted its position in shares of Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the last quarter. DGS Capital Management LLC boosted its holdings in shares of Baidu by 23.5% in the 3rd quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock valued at $345,000 after buying an additional 624 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Baidu by 134.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock worth $1,739,000 after buying an additional 9,415 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd raised its stake in shares of Baidu by 23.3% during the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 6,662 shares of the information services provider’s stock worth $560,000 after acquiring an additional 1,261 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Barclays lowered their price objective on Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday. Mizuho upped their target price on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.83.

Baidu Trading Up 2.5 %

Shares of Baidu stock opened at $85.06 on Wednesday. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock has a market cap of $29.83 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The firm has a fifty day moving average price of $89.51 and a 200 day moving average price of $88.89.

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.