5,147 Shares in Baidu, Inc. (NASDAQ:BIDU) Bought by Allianz SE

Allianz SE purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,147 shares of the information services provider's stock, valued at approximately $433,000.

Other hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in Baidu by 9.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after acquiring an additional 207,966 shares during the last quarter. Appaloosa LP increased its position in shares of Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after purchasing an additional 102,909 shares during the last quarter. CoreView Capital Management Ltd increased its position in shares of Baidu by 15.6% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider's stock worth $130,221,000 after purchasing an additional 166,618 shares during the last quarter. North of South Capital LLP raised its holdings in Baidu by 18.9% in the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider's stock valued at $51,838,000 after buying an additional 97,549 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new position in Baidu in the third quarter valued at about $42,748,000.

Baidu Stock Down 8.2 %

BIDU traded down $7.37 on Friday, reaching $82.43. The company's stock had a trading volume of 11,809,438 shares, compared to its average volume of 4,054,339. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a fifty-two week low of $77.20 and a fifty-two week high of $116.25. The stock has a 50 day moving average of $92.19 and a two-hundred day moving average of $90.54. The company has a market capitalization of $28.90 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 2.96 and a beta of 0.33.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BIDU shares. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Mizuho upped their price target on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Benchmark restated a "buy" rating and set a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $111.25.

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.