Bridgewater Associates LP Purchases 82,306 Shares of Baidu, Inc. (NASDAQ:BIDU)

Bridgewater Associates LP grew its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,590 shares of the information services provider's stock after buying an additional 82,306 shares during the period. Bridgewater Associates LP owned 0.06% of Baidu worth $16,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Rialto Wealth Management LLC bought a new position in Baidu during the fourth quarter worth $42,000. Sycomore Asset Management acquired a new stake in Baidu during the fourth quarter worth approximately $51,000. Denver PWM LLC lifted its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after buying an additional 220 shares during the period. Quantinno Capital Management LP bought a new position in shares of Baidu during the 3rd quarter worth approximately $201,000. Finally, Retireful LLC bought a new stake in shares of Baidu in the 4th quarter valued at $205,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho raised 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 reaffirmed an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Barclays increased their price target on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. StockNews.com lowered Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.25.

Baidu Stock Performance

Shares of BIDU traded up $0.09 on Friday, reaching $82.59. 2,285,728 shares of the company's stock traded hands, compared to its average volume of 4,180,669. The stock has a market cap of $28.96 billion, a PE ratio of 9.01, a PEG ratio of 2.96 and a beta of 0.33. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $89.95 and its two-hundred day simple moving average is $89.43. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25.

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.