Banco BTG Pactual S.A. Acquires 12,200 Shares of Baidu, Inc. (NASDAQ:BIDU)

Banco BTG Pactual S.A. boosted its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 193.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,500 shares of the information services provider's stock after purchasing an additional 12,200 shares during the quarter. Banco BTG Pactual S.A.'s holdings in Baidu were worth $1,530,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. acquired a new stake in shares of Baidu in the 3rd quarter valued at about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Baidu in the third quarter valued at approximately $36,272,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Baidu by 1,111.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after acquiring an additional 330,627 shares during the period. Contrarius Group Holdings Ltd acquired a new position in shares of Baidu during the fourth quarter worth approximately $27,328,000. Finally, Hhlr Advisors LTD. acquired a new position in shares of Baidu during the third quarter worth approximately $31,587,000.

Baidu Stock Performance

BIDU traded down $5.05 on Friday, hitting $93.37. The company's stock had a trading volume of 6,535,625 shares, compared to its average volume of 4,010,218. Baidu, Inc. has a 12 month low of $77.20 and a 12 month high of $116.25. The firm has a market cap of $32.74 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company's 50 day simple moving average is $91.61 and its 200-day simple moving average is $90.39.

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Wall Street Analyst Weigh In

A number of brokerages have commented on BIDU. Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Mizuho increased their price objective on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Barclays lifted their target price on Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.25.

Baidu Company 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.