41,481 Shares in Baidu, Inc. (NASDAQ:BIDU) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,481 shares of the information services provider's stock, valued at approximately $3,497,000.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider's stock worth $297,000 after purchasing an additional 140 shares during the last quarter. Bank of Montreal Can raised its position in shares of Baidu by 5.3% during the 3rd quarter. Bank of Montreal Can now owns 23,558 shares of the information services provider's stock valued at $2,478,000 after buying an additional 1,177 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Baidu by 18.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 321,936 shares of the information services provider's stock valued at $33,897,000 after buying an additional 49,329 shares in the last quarter. FMR LLC lifted its holdings in shares of Baidu by 67.2% during the 3rd quarter. FMR LLC now owns 11,781 shares of the information services provider's stock worth $1,240,000 after acquiring an additional 4,734 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Baidu by 54.5% in the third quarter. BNP Paribas Financial Markets now owns 296,190 shares of the information services provider's stock worth $31,186,000 after acquiring an additional 104,449 shares in the last quarter.

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Baidu Trading Down 1.4 %

BIDU traded down $1.34 during midday trading on Monday, reaching $92.03. 3,560,276 shares of the company's stock traded hands, compared to its average volume of 4,008,448. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 10.04, a P/E/G 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 firm has a fifty day moving average of $91.79 and a two-hundred day moving average of $90.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BIDU. Barclays lifted their price target on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Nomura cut shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock 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.