Public Employees Retirement System of Ohio Buys New Stake in Baidu, Inc. (NASDAQ:BIDU)

Public Employees Retirement System of Ohio purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the third quarter, HoldingsChannel reports. The fund purchased 47,577 shares of the information services provider’s stock, valued at approximately $5,009,000.

Several other institutional investors have also bought and sold shares of BIDU. Y Intercept Hong Kong Ltd purchased a new stake in shares of Baidu during the 3rd quarter valued at about $3,660,000. MML Investors Services LLC lifted its stake in shares of Baidu by 453.5% in the 3rd quarter. MML Investors Services LLC now owns 13,877 shares of the information services provider’s stock valued at $1,461,000 after purchasing an additional 11,370 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Baidu by 10.8% in the 3rd quarter. National Bank of Canada FI now owns 118,886 shares of the information services provider’s stock worth $12,518,000 after purchasing an additional 11,634 shares during the period. CoreView Capital Management Ltd increased its position in shares of Baidu by 15.6% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after purchasing an additional 166,618 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Baidu during the 3rd quarter valued at $2,511,000.

Baidu Trading Up 0.6 %

Shares of NASDAQ BIDU opened at $90.82 on Friday. Baidu, Inc. has a twelve month low of $78.95 and a twelve month high of $120.25. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $90.51 and a two-hundred day simple moving average of $90.44. The firm has a market cap of $31.85 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

Wall Street Analyst Weigh In

BIDU has been the subject of several recent analyst reports. Barclays lowered shares of Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. Benchmark dropped their price target on shares of Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Finally, HSBC downgraded Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Tuesday, September 24th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.75.

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.