HighVista Strategies LLC Acquires 1,200 Shares of Baidu, Inc. (NASDAQ:BIDU)

HighVista Strategies LLC grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 28.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,386 shares of the information services provider’s stock after acquiring an additional 1,200 shares during the period. HighVista Strategies LLC’s holdings in Baidu were worth $567,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Baidu during the third quarter valued at $1,054,000. Handelsbanken Fonder AB raised its stake in Baidu by 8.9% during the third quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock worth $19,249,000 after buying an additional 15,000 shares during the last quarter. Fred Alger Management LLC bought a new position in Baidu during the third quarter worth $790,000. Clear Harbor Asset Management LLC raised its stake in Baidu by 82.9% during the third quarter. Clear Harbor Asset Management LLC now owns 20,503 shares of the information services provider’s stock worth $2,159,000 after buying an additional 9,292 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Baidu during the second quarter worth $606,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BIDU shares. Bank of America lowered their target price on shares of Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Loop Capital decreased their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, HSBC downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, September 24th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $113.75.

Baidu Stock Down 0.6 %

Shares of NASDAQ BIDU opened at $85.98 on Wednesday. Baidu, Inc. has a 1 year low of $78.95 and a 1 year high of $120.25. The stock has a market capitalization of $30.15 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a 50-day moving average price of $93.36 and a 200-day moving average price of $91.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

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.