Baidu, Inc. (NASDAQ:BIDU) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP increased its stake in Baidu, Inc. (NASDAQ:BIDU) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,173 shares of the information services provider’s stock after acquiring an additional 8,423 shares during the period. Baidu makes up about 2.5% of RWC Asset Management LLP’s holdings, making the stock its 11th largest holding. RWC Asset Management LLP’s holdings in Baidu were worth $40,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC increased its holdings in Baidu by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock valued at $255,000 after buying an additional 113 shares during the last quarter. CWM LLC increased its holdings in Baidu by 8.7% in the third quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock valued at $214,000 after buying an additional 127 shares during the last quarter. Financial Counselors Inc. increased its holdings in Baidu by 8.9% in the third quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock valued at $230,000 after buying an additional 140 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of Baidu by 4.9% during the fourth quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock worth $421,000 after purchasing an additional 171 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Baidu by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after purchasing an additional 195 shares during the last quarter.

Wall Street Analysts Forecast Growth

BIDU has been the topic of several research reports. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. HSBC lowered their price target on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays reduced their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Finally, Citigroup cut their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Baidu Trading Up 0.6 %

Shares of NASDAQ BIDU traded up $0.62 during trading on Friday, hitting $100.52. 4,816,699 shares of the company traded hands, compared to its average volume of 2,670,415. Baidu, Inc. has a 1 year low of $94.25 and a 1 year high of $156.98. The company has a 50-day moving average price of $103.06 and a 200-day moving average price of $108.90. The firm has a market capitalization of $35.25 billion, a P/E ratio of 13.02 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23.

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.