Calamos Advisors LLC Has $607,000 Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Calamos Advisors LLC decreased its stake in Baidu, Inc. (NASDAQ:BIDU) by 95.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,100 shares of the information services provider’s stock after selling 106,461 shares during the period. Calamos Advisors LLC’s holdings in Baidu were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Black Creek Investment Management Inc. grew its stake in shares of Baidu by 3.1% in the third quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock worth $280,698,000 after acquiring an additional 63,239 shares during the last quarter. Federated Hermes Inc. boosted its stake in Baidu by 15.3% during the third quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after buying an additional 238,374 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Baidu by 8.8% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after buying an additional 116,047 shares in the last quarter. Invesco Ltd. boosted its stake in Baidu by 6.4% during the third quarter. Invesco Ltd. now owns 1,301,583 shares of the information services provider’s stock worth $174,868,000 after buying an additional 78,331 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Baidu by 87.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,190,389 shares of the information services provider’s stock worth $159,929,000 after buying an additional 556,891 shares in the last quarter.

Baidu Stock Performance

Baidu stock opened at $97.24 on Tuesday. The stock has a 50-day simple moving average of $103.60 and a 200 day simple moving average of $109.53. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 12-month low of $94.25 and a 12-month high of $156.98. The stock has a market capitalization of $34.10 billion, a price-to-earnings ratio of 12.60 and a beta of 0.68.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BIDU shares. Barclays decreased their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Citigroup decreased their price target on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.29.

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.