JTC Employer Solutions Trustee Ltd Acquires 1,261 Shares of Baidu, Inc. (NASDAQ:BIDU)

JTC Employer Solutions Trustee Ltd grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,662 shares of the information services provider’s stock after acquiring an additional 1,261 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Baidu were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Baidu during the second quarter worth about $621,000. Envestnet Asset Management Inc. raised its stake in Baidu by 11.1% during the second quarter. Envestnet Asset Management Inc. now owns 84,548 shares of the information services provider’s stock worth $7,312,000 after acquiring an additional 8,422 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Baidu by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock worth $116,263,000 after acquiring an additional 14,878 shares in the last quarter. Primecap Management Co. CA raised its stake in Baidu by 17.2% during the second quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock worth $1,033,238,000 after acquiring an additional 1,753,577 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Baidu during the second quarter worth about $2,591,000.

Wall Street Analyst Weigh In

Several research analysts have commented on BIDU shares. Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research note on Monday, November 25th. Hsbc Global Res downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Benchmark lowered their price objective on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Up 1.0 %

Shares of Baidu stock traded up $0.74 on Monday, reaching $78.17. 1,895,379 shares of the company’s stock were exchanged, compared to its average volume of 2,892,699. The company has a market capitalization of $27.41 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25. The firm’s 50-day moving average is $86.16 and its two-hundred day moving average is $89.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current 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.