RWC Asset Advisors US LLC Acquires 58,686 Shares of Baidu, Inc. (NASDAQ:BIDU)

RWC Asset Advisors US LLC boosted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,164,713 shares of the information services provider’s stock after buying an additional 58,686 shares during the quarter. Baidu makes up 11.0% of RWC Asset Advisors US LLC’s holdings, making the stock its 4th biggest holding. RWC Asset Advisors US LLC’s holdings in Baidu were worth $138,706,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its stake in shares of Baidu by 8.7% during the third quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock valued at $214,000 after purchasing an additional 127 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Baidu during the third quarter valued at about $344,000. Handelsbanken Fonder AB boosted its stake in shares of Baidu by 0.5% during the third quarter. Handelsbanken Fonder AB now owns 224,239 shares of the information services provider’s stock valued at $30,127,000 after purchasing an additional 1,075 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Baidu by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 31,478 shares of the information services provider’s stock valued at $4,229,000 after purchasing an additional 794 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Baidu during the third quarter valued at about $2,086,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on BIDU. HSBC cut their price target on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays lowered their price objective on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Citigroup lowered their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.64.

Baidu Stock Up 0.6 %

Baidu stock traded up $0.62 during mid-day trading on Friday, reaching $100.52. The stock had a trading volume of 4,816,699 shares, compared to its average volume of 2,670,415. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. Baidu, Inc. has a fifty-two week low of $94.25 and a fifty-two week high of $156.98. The stock’s 50-day simple moving average is $103.06 and its 200-day simple moving average is $108.90. The firm has a market capitalization of $35.25 billion, a PE ratio of 13.02 and a beta of 0.68.

Baidu 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.