Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in Baidu, Inc. (NASDAQ:BIDU) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,275 shares of the information services provider’s stock after acquiring an additional 752 shares during the period. Pacer Advisors Inc.’s holdings in Baidu were worth $1,878,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BIDU. International Assets Investment Management LLC increased its holdings in shares of Baidu by 12,065.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after acquiring an additional 1,061,893 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in shares of Baidu in the 3rd quarter worth about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Baidu in the 3rd quarter worth about $36,272,000. Hhlr Advisors LTD. acquired a new stake in shares of Baidu in the 3rd quarter worth about $31,587,000. Finally, SG Americas Securities LLC increased its holdings in shares of Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after acquiring an additional 227,338 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BIDU shares. Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Mizuho lowered their target price on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Baidu in a research note on Friday, January 24th. Finally, China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Baidu currently has a consensus rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

Shares of BIDU opened at $90.60 on Friday. Baidu, Inc. has a one year low of $77.19 and a one year high of $116.25. The company has a 50-day moving average of $85.65 and a two-hundred day moving average of $88.62. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.05 and a beta of 0.46. 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.