Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,350,315 shares of the information services provider's stock after buying an additional 4,236 shares during the period. Dimensional Fund Advisors LP owned approximately 0.39% of Baidu worth $113,845,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BIDU. FIL Ltd lifted its position in Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after acquiring an additional 471,497 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after purchasing an additional 330,627 shares during the period. Contrarius Group Holdings Ltd purchased a new stake in Baidu in the fourth quarter valued at approximately $27,328,000. SG Americas Securities LLC increased its holdings in Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after buying an additional 227,338 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after buying an additional 207,966 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BIDU shares. Barclays dropped their price objective on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Mizuho increased their price target on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Finally, Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $110.83.

Baidu Stock Up 1.4 %

BIDU stock opened at $90.74 on Friday. The stock has a market capitalization of $31.35 billion, a P/E ratio of 9.90, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The firm has a 50-day simple moving average of $89.16 and a 200-day simple moving average of $88.50. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.

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.

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