Baidu, Inc. (NASDAQ:BIDU) is Quaker Capital Investments LLC's 10th Largest Position

Quaker Capital Investments LLC grew its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,100 shares of the information services provider's stock after acquiring an additional 9,600 shares during the quarter. Baidu comprises about 3.2% of Quaker Capital Investments LLC's investment portfolio, making the stock its 10th largest holding. Quaker Capital Investments LLC's holdings in Baidu were worth $8,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its stake in shares of Baidu by 9.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock valued at $203,213,000 after purchasing an additional 207,966 shares in the last quarter. Appaloosa LP boosted its position in Baidu by 7.2% during the 4th 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 during the period. North of South Capital LLP boosted its holdings in shares of Baidu by 18.9% during the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider's stock worth $51,838,000 after buying an additional 97,549 shares during the period. FIL Ltd lifted its position in Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock valued at $50,579,000 after purchasing an additional 471,497 shares during the period. Finally, SG Americas Securities LLC increased its holdings 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 in the last quarter.

Baidu Stock Performance

Shares of NASDAQ BIDU traded up $0.09 during mid-day trading on Friday, hitting $82.59. The company had a trading volume of 2,285,728 shares, compared to its average volume of 4,174,362. Baidu, Inc. has a 12 month low of $74.71 and a 12 month 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 stock has a market cap of $28.96 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 2.96 and a beta of 0.33. The firm's 50 day simple moving average is $90.08 and its two-hundred day simple moving average is $89.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BIDU shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Barclays lifted their price objective on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Mizuho raised their target price on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.