Long Corridor Asset Management Ltd Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Long Corridor Asset Management Ltd bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the information services provider’s stock, valued at approximately $5,059,000. Baidu makes up approximately 3.8% of Long Corridor Asset Management Ltd’s holdings, making the stock its 8th biggest position.

Other large investors have also recently bought and sold shares of the company. Fred Alger Management LLC acquired a new stake in shares of Baidu during the third quarter valued at $790,000. SG Americas Securities LLC boosted its position 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 acquiring an additional 227,338 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Baidu in the 3rd quarter worth approximately $72,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Baidu during the fourth quarter worth $558,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Baidu by 1,111.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock worth $30,317,000 after buying an additional 330,627 shares during the period.

Analyst Ratings Changes

BIDU has been the subject of several research analyst reports. Barclays upped their price target on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Mizuho upped their price objective on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Finally, Nomura Securities lowered 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Stock Up 1.4 %

Shares of NASDAQ BIDU opened at $95.87 on Tuesday. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock’s 50-day simple moving average is $90.41 and its 200-day simple moving average is $90.04.

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.