Rockefeller Capital Management L.P. Has $2.45 Million Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Rockefeller Capital Management L.P. increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,110 shares of the information services provider's stock after buying an additional 4,047 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Baidu were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FIL Ltd raised its stake in shares of Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after purchasing an additional 471,497 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Contrarius Group Holdings Ltd bought a new stake in shares of Baidu during the 4th quarter worth about $27,328,000. SG Americas Securities LLC raised its stake in shares of Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after acquiring an additional 227,338 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Baidu by 9.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock worth $203,213,000 after purchasing an additional 207,966 shares during the period.

Analyst Ratings Changes

BIDU has been the topic of a number of research analyst reports. StockNews.com lowered shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Barclays reduced their price target on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $110.83.

Baidu Price Performance

Baidu stock traded up $2.06 during trading hours on Thursday, hitting $89.57. 1,807,706 shares of the stock were exchanged, compared to its average volume of 4,175,169. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The business's 50-day moving average is $89.31 and its two-hundred day moving average is $88.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market capitalization of $31.41 billion, a P/E ratio of 9.77, a P/E/G ratio of 2.96 and a beta of 0.33.

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.