Baidu, Inc. (NASDAQ:BIDU) Shares Bought by AGF Management Ltd.

AGF Management Ltd. lifted its position in Baidu, Inc. (NASDAQ:BIDUFree Report) by 166.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,670 shares of the information services provider’s stock after purchasing an additional 7,293 shares during the quarter. AGF Management Ltd.’s holdings in Baidu were worth $1,390,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in Baidu in the 4th quarter worth approximately $25,000. Headinvest LLC purchased a new stake in Baidu during the third quarter worth $36,000. FNY Investment Advisers LLC acquired a new stake in Baidu during the fourth quarter valued at $42,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Baidu in the fourth quarter valued at $48,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Baidu by 33.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,043 shares of the information services provider’s stock worth $123,000 after acquiring an additional 264 shares during the period.

Baidu Trading Up 1.2 %

BIDU opened at $110.75 on Thursday. The business has a fifty day simple moving average of $103.88 and a 200-day simple moving average of $108.15. Baidu, Inc. has a 52 week low of $94.25 and a 52 week high of $156.98. The firm has a market cap of $38.83 billion, a P/E ratio of 14.35 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

BIDU has been the topic of several research analyst reports. Barclays dropped their price objective on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. HSBC dropped their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Mizuho reduced their price objective on shares of Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 10th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, Citigroup cut their target price on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average target price of $166.64.

Get Our Latest Research Report on BIDU

Baidu Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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