6,617 Shares in Baidu, Inc. (NASDAQ:BIDU) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,617 shares of the information services provider's stock, valued at approximately $558,000.

Other hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Baidu in the 3rd quarter valued at $1,054,000. Fred Alger Management LLC acquired a new stake in shares of Baidu during the third quarter valued at approximately $790,000. World Investment Advisors LLC purchased a new stake in shares of Baidu in the 3rd quarter valued at approximately $72,000. SG Americas Securities LLC boosted its stake in Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after purchasing an additional 227,338 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Baidu by 8.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider's stock worth $19,249,000 after purchasing an additional 15,000 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on BIDU. Dbs Bank downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Benchmark reissued a "buy" rating and set a $130.00 target price on shares of Baidu in a research note on Friday, January 24th. Mizuho cut their price objective on Baidu from $130.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Barclays downgraded Baidu from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 22nd. Finally, China Renaissance downgraded Baidu from a "buy" rating to a "hold" rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Baidu presently has an average rating of "Hold" and a consensus target price of $113.75.

Baidu Stock Performance

Shares of BIDU stock traded down $1.99 during mid-day trading on Wednesday, reaching $89.61. The stock had a trading volume of 5,186,701 shares, compared to its average volume of 3,342,241. Baidu, Inc. has a one year low of $77.19 and a one year high of $116.25. The firm has a market cap of $31.42 billion, a PE ratio of 10.97, a P/E/G ratio of 1.90 and a beta of 0.46. The firm's 50 day simple moving average is $85.13 and its 200 day simple moving average is $88.59. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

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.