Banco Bilbao Vizcaya Argentaria S.A. Purchases New Holdings in Baidu, Inc. (NASDAQ:BIDU)

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,714 shares of the information services provider's stock, valued at approximately $2,695,000.

A number of other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in Baidu during the fourth quarter valued at $42,000. Sycomore Asset Management purchased a new position in shares of Baidu during the 4th quarter valued at $51,000. GeoWealth Management LLC grew its stake in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares during the period. World Investment Advisors LLC purchased a new stake in Baidu in the 3rd quarter worth about $72,000. Finally, Denver PWM LLC raised its stake 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 during the period.

Baidu Stock Performance

NASDAQ BIDU opened at $90.74 on Friday. The company 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. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25. The company has a fifty day moving average of $89.16 and a 200-day moving average of $88.50.

Analyst Ratings Changes

A number of brokerages have weighed in on BIDU. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Nomura downgraded Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Finally, Mizuho increased their price objective on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Baidu has a consensus rating of "Hold" and a consensus target price of $110.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.