Mirador Capital Partners LP Invests $213,000 in Baidu, Inc. (NASDAQ:BIDU)

Mirador Capital Partners LP bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the first quarter, Holdings Channel.com reports. The firm bought 2,024 shares of the information services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd increased its stake in shares of Baidu by 8.8% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock valued at $171,336,000 after purchasing an additional 116,047 shares during the period. RWC Asset Advisors US LLC increased its stake in Baidu by 5.3% during the 4th quarter. RWC Asset Advisors US LLC now owns 1,164,713 shares of the information services provider’s stock valued at $138,706,000 after buying an additional 58,686 shares during the period. ARGA Investment Management LP raised its holdings in Baidu by 6.5% during the first quarter. ARGA Investment Management LP now owns 1,022,883 shares of the information services provider’s stock worth $107,689,000 after purchasing an additional 62,830 shares in the last quarter. National Bank of Canada FI lifted its position in Baidu by 90,390.0% in the fourth quarter. National Bank of Canada FI now owns 901,280 shares of the information services provider’s stock worth $103,953,000 after purchasing an additional 900,284 shares during the period. Finally, Sanders Capital LLC boosted its stake in Baidu by 7.1% during the 4th quarter. Sanders Capital LLC now owns 670,604 shares of the information services provider’s stock valued at $79,862,000 after purchasing an additional 44,571 shares in the last quarter.

Analyst Ratings Changes

BIDU has been the subject of several research analyst reports. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Citigroup reduced their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $140.00 to $125.00 in a report on Friday, May 17th. Mizuho reduced their target price on shares of Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, HSBC cut their price objective on Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.

Baidu Price Performance

NASDAQ BIDU opened at $86.21 on Tuesday. The company has a 50 day simple moving average of $99.92 and a 200-day simple moving average of $104.48. Baidu, Inc. has a 52-week low of $85.93 and a 52-week high of $156.98. The firm has a market capitalization of $30.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.79 and a quick ratio of 2.79.

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.