Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 146.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,698 shares of the information services provider’s stock after acquiring an additional 5,763 shares during the period. Virtu Financial LLC’s holdings in Baidu were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fred Alger Management LLC purchased a new stake in shares of Baidu during the third quarter valued at approximately $790,000. SG Americas Securities LLC lifted its holdings 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 buying an additional 227,338 shares in the last quarter. World Investment Advisors LLC purchased a new position in Baidu in the 3rd quarter valued at about $72,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu during the fourth quarter worth about $558,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Baidu by 1,111.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock worth $30,317,000 after acquiring an additional 330,627 shares in the last quarter.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 25th. Finally, Nomura Securities lowered 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 assigned a buy rating to the company. Based on data from MarketBeat, Baidu presently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Up 1.4 %

Shares of Baidu stock opened at $95.87 on Tuesday. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The company has a market capitalization of $33.62 billion, a P/E ratio of 10.45, a PEG ratio of 2.96 and a beta of 0.47. The business’s fifty day moving average price is $90.41 and its two-hundred day moving average price is $90.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

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.