Baidu, Inc. (NASDAQ:BIDU) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,858 shares of the information services provider’s stock after purchasing an additional 27,057 shares during the period. Nuveen Asset Management LLC’s holdings in Baidu were worth $14,068,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC boosted its holdings in shares of Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after buying an additional 235 shares during the period. US Bancorp DE boosted its holdings in shares of Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after buying an additional 270 shares during the period. GeoWealth Management LLC boosted its holdings in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after buying an additional 308 shares during the period. SRN Advisors LLC boosted its holdings in shares of Baidu by 3.1% in the fourth quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock worth $1,332,000 after buying an additional 468 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in shares of Baidu in the fourth quarter worth about $42,000.

Baidu Price Performance

NASDAQ BIDU opened at $83.81 on Monday. 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 stock has a market capitalization of $28.95 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. The company has a 50 day moving average price of $87.96 and a two-hundred day moving average price of $87.80. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $116.25.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Wall Street Zen cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Nomura Securities cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Macquarie restated a “neutral” rating on shares of Baidu in a report on Wednesday. Finally, Mizuho raised their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Hold” and a consensus price target of $107.82.

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.