Raymond James Financial Inc. Purchases Shares of 41,481 Baidu, Inc. (NASDAQ:BIDU)

Raymond James Financial Inc. acquired a new position in Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, HoldingsChannel reports. The firm acquired 41,481 shares of the information services provider’s stock, valued at approximately $3,497,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maple Rock Capital Partners Inc. purchased a new stake in Baidu in the 3rd quarter valued at $42,748,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Baidu in the 3rd quarter worth $36,272,000. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Hhlr Advisors LTD. bought a new position in shares of Baidu during the third quarter valued at about $31,587,000. Finally, SG Americas Securities LLC boosted its holdings in Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after purchasing an additional 227,338 shares during the last quarter.

Baidu Stock Up 0.9 %

BIDU opened at $98.42 on Friday. Baidu, Inc. has a 12 month low of $77.20 and a 12 month high of $116.25. The company has a market cap of $34.51 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $91.40 and a 200 day moving average of $90.25.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Barclays increased their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Mizuho raised their target price on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Nomura downgraded shares of Baidu from a “buy” rating to a “neutral” rating in a 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, the company currently has a consensus rating of “Hold” and a consensus target price of $111.25.

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.