Bank Julius Baer & Co. Ltd Zurich Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,749 shares of the information services provider’s stock, valued at approximately $256,000.

Several other hedge funds have also recently added to or reduced their stakes in BIDU. Sycomore Asset Management bought a new position in Baidu in the 4th quarter worth approximately $51,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Baidu in the third quarter worth $82,000. Denver PWM LLC increased 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 worth $104,000 after acquiring an additional 220 shares during the period. Banco Santander S.A. acquired a new position in Baidu during the 3rd quarter valued at $201,000. Finally, Quantinno Capital Management LP bought a new stake in Baidu in the 3rd quarter valued at $201,000.

Baidu Trading Down 2.3 %

BIDU opened at $92.59 on Tuesday. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The stock has a market capitalization of $32.47 billion, a PE ratio of 10.10, a PEG ratio of 2.96 and a beta of 0.47. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $87.55 and a two-hundred day moving average price of $89.18.

Analyst Ratings Changes

BIDU has been the topic of several research reports. Citigroup dropped their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Barclays upped their target price on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Baidu currently has a consensus 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.