Baidu, Inc. (NASDAQ:BIDU) Shares Bought by North of South Capital LLP

North of South Capital LLP lifted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,847 shares of the information services provider’s stock after buying an additional 97,549 shares during the period. Baidu comprises about 6.3% of North of South Capital LLP’s investment portfolio, making the stock its 7th largest holding. North of South Capital LLP’s holdings in Baidu were worth $51,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BIDU. Sycomore Asset Management acquired a new position in Baidu during the fourth quarter valued at approximately $51,000. Allspring Global Investments Holdings LLC boosted its position in Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the last quarter. World Investment Advisors LLC acquired a new position in Baidu during the third quarter valued at approximately $72,000. Transamerica Financial Advisors Inc. acquired a new position in Baidu during the third quarter valued at approximately $82,000. Finally, Denver PWM LLC boosted its position in Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on BIDU. Mizuho increased their price target on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Monday, November 25th. Finally, Citigroup cut their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.25.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $89.65 on Friday. The firm has a market cap of $31.44 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The business’s 50 day moving average is $87.09 and its 200-day moving average is $88.82.

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.