Banco BTG Pactual S.A. Buys 12,200 Shares of Baidu, Inc. (NASDAQ:BIDU)

Banco BTG Pactual S.A. boosted its stake in Baidu, Inc. (NASDAQ:BIDU) by 193.7% in the fourth quarter, HoldingsChannel reports. The firm owned 18,500 shares of the information services provider’s stock after acquiring an additional 12,200 shares during the period. Banco BTG Pactual S.A.’s holdings in Baidu were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC acquired a new position in Baidu during the fourth quarter valued at approximately $42,000. Sycomore Asset Management bought a new position in shares of Baidu during the fourth quarter worth $51,000. World Investment Advisors LLC acquired a new position in shares of Baidu in the 3rd quarter valued at $72,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu in the 3rd quarter valued at $82,000. Finally, Denver PWM LLC raised its stake in 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 during the period.

Wall Street Analysts Forecast Growth

BIDU has been the subject of several recent analyst reports. Barclays increased their price target on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Mizuho upped their target price on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Baidu presently has an average rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Down 0.5 %

BIDU opened at $95.38 on Wednesday. The stock’s fifty day simple moving average is $90.73 and its 200 day simple moving average is $90.14. 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 stock has a market cap of $33.44 billion, a PE ratio of 10.40, a price-to-earnings-growth 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.

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.