Maple Rock Capital Partners Inc. bought a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 406,000 shares of the information services provider's stock, valued at approximately $42,748,000. Baidu accounts for 1.2% of Maple Rock Capital Partners Inc.'s investment portfolio, making the stock its 17th biggest holding. Maple Rock Capital Partners Inc. owned approximately 0.12% of Baidu as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Guinness Asset Management LTD boosted its holdings in Baidu by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider's stock valued at $204,000 after purchasing an additional 100 shares during the last quarter. Grove Bank & Trust boosted its holdings in Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider's stock valued at $77,000 after purchasing an additional 130 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider's stock valued at $297,000 after purchasing an additional 140 shares during the last quarter. Blue Trust Inc. boosted its holdings in Baidu by 9.0% in the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider's stock valued at $180,000 after purchasing an additional 171 shares during the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of Baidu by 1.5% in the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider's stock valued at $1,741,000 after acquiring an additional 250 shares during the period.
Analyst Ratings Changes
BIDU has been the topic of a number of research analyst reports. Barclays downgraded shares of Baidu from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 22nd. Hsbc Global Res downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Benchmark cut their target price on shares of Baidu from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Bank of America cut their target price on shares of Baidu from $128.00 to $117.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Baidu from an "overweight" rating to a "neutral" rating in a research report on Wednesday, November 27th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $113.75.
View Our Latest Stock Report on BIDU
Baidu Price Performance
Shares of NASDAQ:BIDU traded down $1.30 during trading on Wednesday, hitting $84.68. 2,209,304 shares of the stock were exchanged, compared to its average volume of 3,611,814. The company has a fifty day moving average price of $93.36 and a two-hundred day moving average price of $91.14. The company has a market cap of $29.69 billion, a PE ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu, Inc. has a 12-month low of $78.95 and a 12-month high of $120.25.
About Baidu
(
Free Report)
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.
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