5,051 Shares in Baidu, Inc. $BIDU Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,051 shares of the information services provider’s stock, valued at approximately $660,000.

A number of other hedge funds also recently bought and sold shares of BIDU. RPD Fund Management LLC boosted its holdings in shares of Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after purchasing an additional 777,570 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Baidu in the third quarter valued at approximately $165,334,000. Bank of America Corp DE lifted its position in Baidu by 106.7% during the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock worth $148,804,000 after buying an additional 582,832 shares in the last quarter. Capital World Investors lifted its position in Baidu by 0.5% during the third quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock worth $128,847,000 after buying an additional 5,343 shares in the last quarter. Finally, Contrarius Group Holdings Ltd boosted its stake in Baidu by 500.3% during the third quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock worth $117,506,000 after buying an additional 743,205 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BIDU. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a report on Saturday. Susquehanna boosted their price target on shares of Baidu from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Nomura dropped their price objective on shares of Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a report on Friday, March 6th. UBS Group restated a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Finally, Morgan Stanley reduced their target price on shares of Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.05.

Baidu Price Performance

NASDAQ:BIDU opened at $141.05 on Friday. Baidu, Inc. has a 52 week low of $81.17 and a 52 week high of $165.30. The stock’s fifty day moving average is $119.96 and its two-hundred day moving average is $128.10. The company has a market capitalization of $47.99 billion, a P/E ratio of 88.71 and a beta of 0.53. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.