Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 123.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,556 shares of the information services provider's stock after purchasing an additional 20,734 shares during the quarter. Natixis Advisors LLC's holdings in Baidu were worth $3,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in shares of Baidu in the fourth quarter valued at approximately $42,000. Sycomore Asset Management acquired a new position in shares of Baidu during the 4th quarter worth approximately $51,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu during the third quarter worth approximately $82,000. Denver PWM LLC raised its holdings in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after acquiring an additional 220 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of Baidu during the 3rd quarter worth $201,000.

Baidu Price Performance

Baidu stock traded up $2.12 during trading on Wednesday, reaching $97.50. The company had a trading volume of 5,086,087 shares, compared to its average volume of 3,955,683. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The firm's 50-day simple moving average is $90.73 and its 200 day simple moving average is $90.14. The firm has a market capitalization of $34.19 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25.

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Wall Street Analyst Weigh In

BIDU has been the subject of a number of recent analyst reports. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Mizuho increased 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. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $111.25.

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.