DCF Advisers LLC Purchases 13,250 Shares of Baidu, Inc. (NASDAQ:BIDU)

DCF Advisers LLC boosted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,750 shares of the information services provider's stock after buying an additional 13,250 shares during the period. Baidu makes up about 1.9% of DCF Advisers LLC's portfolio, making the stock its 16th largest position. DCF Advisers LLC's holdings in Baidu were worth $4,026,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Baidu during the 3rd quarter worth approximately $1,054,000. Fred Alger Management LLC bought a new stake in Baidu during the third quarter worth $790,000. SG Americas Securities LLC boosted its position in Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after purchasing an additional 227,338 shares during the last quarter. World Investment Advisors LLC bought a new position in Baidu in the 3rd quarter valued at $72,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu during the 4th quarter valued at $558,000.

Baidu Price Performance

Shares of NASDAQ:BIDU traded down $0.49 on Tuesday, hitting $95.38. The company's stock had a trading volume of 4,044,698 shares, compared to its average volume of 3,965,844. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The company has a market capitalization of $33.44 billion, a PE ratio of 10.40, a PEG ratio of 2.96 and a beta of 0.47. The company has a 50-day simple moving average of $90.41 and a 200 day simple moving average of $90.04.

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Wall Street Analysts Forecast Growth

BIDU has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of Baidu from an "overweight" rating to a "neutral" rating in a research report on Wednesday, November 27th. Citigroup lowered their price target on shares of Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Susquehanna lowered Baidu from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $105.00 to $85.00 in a report on Monday, November 25th. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Baidu 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 stock. According to MarketBeat.com, Baidu currently has an average rating of "Hold" and an average price target 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.