BNP Paribas Financial Markets Buys 104,449 Shares of Baidu, Inc. (NASDAQ:BIDU)

BNP Paribas Financial Markets boosted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 54.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,190 shares of the information services provider's stock after purchasing an additional 104,449 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Baidu worth $31,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sanders Capital LLC boosted its holdings in Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider's stock valued at $274,357,000 after purchasing an additional 18,334 shares during the period. FMR LLC raised its position in shares of Baidu by 67.2% during the third quarter. FMR LLC now owns 11,781 shares of the information services provider's stock valued at $1,240,000 after buying an additional 4,734 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Baidu by 18.1% in the third quarter. The Manufacturers Life Insurance Company now owns 321,936 shares of the information services provider's stock valued at $33,897,000 after buying an additional 49,329 shares during the period. Bank of Montreal Can grew its position in Baidu by 5.3% during the third quarter. Bank of Montreal Can now owns 23,558 shares of the information services provider's stock worth $2,478,000 after buying an additional 1,177 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Baidu during the third quarter valued at about $1,000,000.

Baidu Price Performance

Shares of BIDU traded up $0.23 on Friday, hitting $85.05. The company's stock had a trading volume of 2,495,743 shares, compared to its average volume of 3,630,001. The company has a 50 day moving average price of $93.57 and a 200 day moving average price of $91.63. Baidu, Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $120.25. The company has a market capitalization of $29.82 billion, a PE ratio of 10.41, a PEG ratio of 1.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

Analyst Ratings Changes

A number of brokerages have commented on BIDU. Benchmark reduced their price objective on Baidu from $135.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. HSBC downgraded shares of Baidu from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research note on Tuesday, September 24th. Sanford C. Bernstein lowered shares of Baidu from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Hsbc Global Res downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Finally, Bank of America lowered their target price on shares of Baidu from $128.00 to $117.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $113.75.

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.