Loomis Sayles & Co. L P Has $21.19 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Loomis Sayles & Co. L P lowered its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,344 shares of the information services provider's stock after selling 6,237 shares during the period. Loomis Sayles & Co. L P owned approximately 0.07% of Baidu worth $21,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIDU. Rialto Wealth Management LLC acquired a new position in Baidu during the fourth quarter worth $42,000. Sycomore Asset Management purchased a new position in Baidu during the 4th quarter valued at about $51,000. World Investment Advisors LLC acquired a new position in Baidu during the third quarter worth about $72,000. Denver PWM LLC lifted its holdings in shares of 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 purchasing an additional 220 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Baidu during the 3rd quarter valued at $201,000.

Baidu Stock Up 0.3 %

Shares of Baidu stock traded up $0.26 during midday trading on Wednesday, reaching $91.89. 1,037,835 shares of the company's stock traded hands, compared to its average volume of 3,993,465. The company has a market cap of $32.22 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25. The company's 50 day simple moving average is $91.95 and its 200 day simple moving average is $90.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Nomura lowered shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Barclays boosted their price objective on shares of Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Mizuho upped their price target on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Baidu has an average rating of "Hold" and an average target price of $111.25.

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.