Pictet Asset Management Holding SA Has $203.21 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

Pictet Asset Management Holding SA lifted its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,410,307 shares of the information services provider's stock after buying an additional 207,966 shares during the period. Pictet Asset Management Holding SA owned about 0.69% of Baidu worth $203,213,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Appaloosa LP increased its position in shares of Baidu by 7.2% during the fourth quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after acquiring an additional 102,909 shares in the last quarter. CoreView Capital Management Ltd increased its holdings in Baidu by 15.6% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider's stock worth $130,221,000 after purchasing an additional 166,618 shares in the last quarter. North of South Capital LLP raised its stake in shares of Baidu by 18.9% in the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider's stock valued at $51,838,000 after purchasing an additional 97,549 shares during the period. Maple Rock Capital Partners Inc. bought a new stake in shares of Baidu in the third quarter valued at about $42,748,000. Finally, SG Americas Securities LLC boosted its position in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after buying an additional 227,338 shares during the period.

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Wall Street Analysts Forecast Growth

BIDU has been the subject of a number of analyst reports. Benchmark reaffirmed a "buy" rating and issued a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research 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 objective on Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $111.25.

Baidu Trading Up 0.3 %

Shares of NASDAQ:BIDU traded up $0.29 during midday trading on Wednesday, hitting $91.92. 1,104,392 shares of the stock were exchanged, compared to its average volume of 3,993,724. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 12 month low of $77.20 and a 12 month high of $116.25. The business's 50-day moving average price is $91.95 and its 200 day moving average price 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.

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.