Parametrica Management Ltd Grows Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Parametrica Management Ltd grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 46.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,300 shares of the information services provider’s stock after buying an additional 4,200 shares during the quarter. Baidu accounts for about 2.6% of Parametrica Management Ltd’s investment portfolio, making the stock its 13th largest holding. Parametrica Management Ltd’s holdings in Baidu were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BIDU. Bruce G. Allen Investments LLC acquired a new stake in Baidu in the fourth quarter worth $25,000. Headinvest LLC acquired a new stake in Baidu in the third quarter worth $36,000. FNY Investment Advisers LLC acquired a new stake in Baidu in the fourth quarter worth $42,000. ING Groep NV increased its holdings in shares of Baidu by 103.2% during the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Baidu during the third quarter valued at $73,000.

Analyst Upgrades and Downgrades

BIDU has been the topic of a number of research analyst reports. 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 lowered their price target on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Citigroup decreased their target price on Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Finally, StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Baidu has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

Baidu Trading Up 0.6 %

Shares of NASDAQ:BIDU traded up $0.62 during midday trading on Friday, reaching $100.52. The company had a trading volume of 4,816,699 shares, compared to its average volume of 2,670,415. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. Baidu, Inc. has a 1-year low of $94.25 and a 1-year high of $156.98. The firm has a market cap of $35.25 billion, a price-to-earnings ratio of 13.02 and a beta of 0.68. The company has a fifty day simple moving average of $103.06 and a two-hundred day simple moving average of $108.90.

Baidu Profile

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.