Mitsubishi UFJ Asset Management Co. Ltd. Has $2.65 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,511 shares of the information services provider's stock after purchasing an additional 5,639 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Baidu were worth $2,645,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Denver PWM LLC lifted 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 worth $104,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of Baidu by 1.4% during the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after purchasing an additional 235 shares during the period. US Bancorp DE grew its position in Baidu by 7.2% during the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock valued at $340,000 after purchasing an additional 270 shares in the last quarter. Ignite Planners LLC increased its stake in Baidu by 7.3% in the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider's stock valued at $466,000 after buying an additional 376 shares during the period. Finally, SRN Advisors LLC lifted its position in Baidu by 3.1% in the 4th quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider's stock worth $1,332,000 after buying an additional 468 shares in the last quarter.

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Analysts Set New Price Targets

A number of brokerages have commented on BIDU. Benchmark restated a "buy" rating and issued a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Barclays lifted their price target on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Nomura lowered shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Baidu currently has a consensus rating of "Hold" and an average target price of $111.25.

Baidu Trading Down 8.2 %

Shares of BIDU stock traded down $7.37 on Friday, reaching $82.43. 11,809,438 shares of the stock were exchanged, compared to its average volume of 4,058,332. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu, Inc. has a one year low of $77.20 and a one year high of $116.25. The stock has a market cap of $28.90 billion, a PE ratio of 8.99, a P/E/G ratio of 2.96 and a beta of 0.33. The stock has a 50 day moving average price of $92.19 and a 200 day moving average price of $90.62.

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.