Mackenzie Financial Corp Increases Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Mackenzie Financial Corp increased its holdings in Baidu, Inc. (NASDAQ:BIDU) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,844 shares of the information services provider’s stock after purchasing an additional 1,278 shares during the quarter. Mackenzie Financial Corp’s holdings in Baidu were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Black Creek Investment Management Inc. lifted its position in shares of Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock worth $280,698,000 after purchasing an additional 63,239 shares during the period. Federated Hermes Inc. lifted its holdings in Baidu by 15.3% in the third quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after buying an additional 238,374 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in Baidu by 8.8% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock worth $171,336,000 after buying an additional 116,047 shares during the period. Invesco Ltd. boosted its position in Baidu by 6.4% during the 3rd quarter. Invesco Ltd. now owns 1,301,583 shares of the information services provider’s stock valued at $174,868,000 after acquiring an additional 78,331 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Baidu by 87.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,190,389 shares of the information services provider’s stock worth $159,929,000 after acquiring an additional 556,891 shares during the period.

Baidu Trading Up 0.6 %

Baidu stock opened at $100.52 on Friday. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98. The company has a market cap of $35.25 billion, a P/E ratio of 13.02 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $103.06 and a two-hundred day simple moving average of $108.90.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays lowered their price objective on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Citigroup cut their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, HSBC cut their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and an average price target of $171.64.

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.