Strs Ohio Takes Position in Baidu, Inc. $BIDU

Strs Ohio purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,371 shares of the information services provider’s stock, valued at approximately $1,783,000.

A number of other institutional investors also recently modified their holdings of BIDU. Ameriprise Financial Inc. lifted its holdings in shares of Baidu by 7.5% in the fourth quarter. Ameriprise Financial Inc. now owns 45,949 shares of the information services provider’s stock valued at $3,874,000 after purchasing an additional 3,200 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Baidu by 19.4% in the fourth quarter. Nuveen Asset Management LLC now owns 166,858 shares of the information services provider’s stock valued at $14,068,000 after purchasing an additional 27,057 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Baidu by 182.9% in the fourth quarter. Quantinno Capital Management LP now owns 5,410 shares of the information services provider’s stock valued at $456,000 after acquiring an additional 3,498 shares during the last quarter. CoreView Capital Management Ltd increased its position in shares of Baidu by 2.0% in the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider’s stock valued at $106,399,000 after acquiring an additional 25,220 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Baidu in the fourth quarter valued at about $265,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on Baidu from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Susquehanna lifted their target price on Baidu from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. Citigroup lifted their target price on Baidu from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Benchmark lowered their target price on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Finally, Arete raised Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Baidu presently has an average rating of “Hold” and a consensus price target of $110.00.

Baidu Stock Up 7.8%

NASDAQ BIDU opened at $123.79 on Wednesday. The business has a fifty day moving average price of $93.16 and a two-hundred day moving average price of $89.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $124.79. The stock has a market capitalization of $42.76 billion, a PE ratio of 11.41 and a beta of 0.34.

Baidu 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.