WCM Investment Management LLC Has $1.15 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

WCM Investment Management LLC grew its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 81.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,666 shares of the information services provider’s stock after buying an additional 6,132 shares during the quarter. WCM Investment Management LLC’s holdings in Baidu were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 593 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Baidu during the 3rd quarter worth $72,000. Grove Bank & Trust lifted its stake in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 130 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new stake in Baidu in the third quarter worth $82,000. Finally, Denver PWM LLC increased its position in Baidu by 28.5% during the third 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 last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BIDU shares. Citigroup reduced their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Mizuho lowered their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of Baidu in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Baidu currently has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Stock Up 5.1 %

BIDU stock opened at $93.85 on Tuesday. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25. 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 company has a market cap of $32.91 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The business’s 50-day simple moving average is $86.18 and its 200 day simple moving average is $88.53.

About Baidu

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.