Natixis Advisors LLC Increases Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Natixis Advisors LLC lifted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,822 shares of the information services provider’s stock after purchasing an additional 2,669 shares during the period. Natixis Advisors LLC’s holdings in Baidu were worth $1,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guinness Asset Management LTD lifted its position in shares of Baidu by 4.4% during the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after buying an additional 100 shares in the last quarter. Grove Bank & Trust increased its position in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the last quarter. Blue Trust Inc. lifted its holdings in Baidu by 9.0% during the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after acquiring an additional 171 shares during the period. Advisors Asset Management Inc. boosted its position in Baidu by 8.2% in the first quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock worth $272,000 after purchasing an additional 196 shares during the last quarter. Finally, Intellectus Partners LLC grew its stake in Baidu by 1.5% in the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after purchasing an additional 250 shares during the period.

Baidu Stock Up 2.9 %

BIDU stock opened at $82.67 on Tuesday. The stock has a 50-day simple moving average of $93.67 and a two-hundred day simple moving average of $92.22. Baidu, Inc. has a twelve month low of $78.95 and a twelve month high of $126.23. The firm has a market capitalization of $28.99 billion, a PE ratio of 10.12, a PEG ratio of 1.03 and a beta of 0.51. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. 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. HSBC downgraded Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, September 24th. Finally, Sanford C. Bernstein downgraded Baidu from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $130.00 to $97.00 in a research report on Friday, August 23rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.92.

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.