North of South Capital LLP Acquires 97,549 Shares of Baidu, Inc. (NASDAQ:BIDU)

North of South Capital LLP grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 614,847 shares of the information services provider’s stock after purchasing an additional 97,549 shares during the quarter. Baidu comprises about 6.3% of North of South Capital LLP’s investment portfolio, making the stock its 7th largest position. North of South Capital LLP owned 0.18% of Baidu worth $51,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mcdonald Partners LLC lifted its stake in shares of Baidu by 41.8% during the fourth quarter. Mcdonald Partners LLC now owns 4,114 shares of the information services provider’s stock valued at $347,000 after acquiring an additional 1,212 shares during the period. Sycomore Asset Management acquired a new position in shares of Baidu during the fourth quarter valued at $51,000. WCM Investment Management LLC lifted its stake in shares of Baidu by 81.4% during the fourth quarter. WCM Investment Management LLC now owns 13,666 shares of the information services provider’s stock valued at $1,149,000 after acquiring an additional 6,132 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Baidu by 45.4% during the fourth quarter. Bleakley Financial Group LLC now owns 5,873 shares of the information services provider’s stock valued at $495,000 after acquiring an additional 1,835 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after acquiring an additional 330,627 shares during the period.

Analysts Set New Price Targets

BIDU has been the topic of several research reports. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday. Mizuho upped their price objective on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays upped their price objective on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Monday, November 25th. Finally, Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $85.00 in a report on Monday, November 25th. Thirteen 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, the stock presently has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Stock Up 1.8 %

Shares of Baidu stock opened at $89.65 on Friday. Baidu, Inc. has a 1 year low of $77.19 and a 1 year high of $116.25. The business has a 50-day moving average of $87.09 and a two-hundred day moving average of $88.82. The company has a market capitalization 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 debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

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.