Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Slate Path Capital LP

Slate Path Capital LP boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,100 shares of the information services provider's stock after buying an additional 32,200 shares during the period. Slate Path Capital LP owned 0.06% of Baidu worth $18,135,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC acquired a new position in shares of Baidu during the 4th quarter valued at about $42,000. Sycomore Asset Management purchased a new position in Baidu during the fourth quarter worth about $51,000. GeoWealth Management LLC boosted its holdings in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after purchasing an additional 308 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Baidu in the 3rd quarter valued at approximately $72,000. Finally, Denver PWM LLC increased its holdings in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after buying an additional 220 shares during the last quarter.

Wall Street Analysts Forecast Growth

BIDU has been the topic of a number of recent analyst reports. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Barclays decreased their price target on Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Finally, Mizuho lifted their price target on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Baidu has an average rating of "Hold" and a consensus target price of $110.83.

Baidu Stock Up 1.4 %

BIDU stock traded up $1.24 during midday trading on Friday, hitting $90.74. The company's stock had a trading volume of 2,979,851 shares, compared to its average volume of 4,185,883. The firm has a 50-day simple moving average of $89.16 and a 200-day simple moving average of $88.61. The firm has a market capitalization of $31.35 billion, a P/E ratio of 9.90, a PEG ratio of 2.96 and a beta of 0.33. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25.

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.