Union Bancaire Privee UBP SA Purchases Shares of 6,617 Baidu, Inc. (NASDAQ:BIDU)

Union Bancaire Privee UBP SA bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,617 shares of the information services provider’s stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BIDU. Sycomore Asset Management bought a new position in shares of Baidu in the fourth quarter worth $51,000. Allspring Global Investments Holdings LLC increased its position in Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the period. World Investment Advisors LLC acquired a new stake in Baidu during the 3rd quarter valued at approximately $72,000. Transamerica Financial Advisors Inc. bought a new position in shares of Baidu during the 3rd quarter worth approximately $82,000. Finally, Denver PWM LLC boosted its holdings in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BIDU shares. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Finally, Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Performance

Shares of BIDU opened at $87.87 on Tuesday. The business has a 50-day simple moving average of $87.07 and a two-hundred day simple moving average of $88.99. Baidu, Inc. has a 52 week low of $77.19 and a 52 week high of $116.25. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.91 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.

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.