B. Metzler seel. Sohn & Co. Holding AG Takes Position in Baidu, Inc. (NASDAQ:BIDU)


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B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,750 shares of the information services provider’s stock, valued at approximately $1,702,000.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Baidu by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,749,733 shares of the information services provider’s stock valued at $2,757,001,000 after buying an additional 206,346 shares in the last quarter. Primecap Management Co. CA boosted its stake in Baidu by 1.5% in the 4th quarter. Primecap Management Co. CA now owns 9,512,376 shares of the information services provider’s stock worth $2,056,956,000 after purchasing an additional 138,741 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Baidu by 22,678.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 8,331,235 shares of the information services provider’s stock worth $39,000 after purchasing an additional 8,294,660 shares in the last quarter. Credit Suisse AG boosted its stake in Baidu by 170.3% in the 4th quarter. Credit Suisse AG now owns 5,644,149 shares of the information services provider’s stock worth $1,220,490,000 after purchasing an additional 3,556,029 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Baidu by 123.4% in the 4th quarter. Morgan Stanley now owns 5,301,616 shares of the information services provider’s stock worth $1,146,421,000 after purchasing an additional 2,928,955 shares in the last quarter. Institutional investors and hedge funds own 49.38% of the company’s stock.

A number of analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Baidu from $165.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Barclays lifted their price objective on shares of Baidu from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, March 1st. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday. Loop Capital upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research note on Monday, March 29th. Finally, Citigroup lifted their price objective on shares of Baidu from $292.00 to $324.00 in a research note on Friday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Baidu has a consensus rating of “Buy” and a consensus price target of $267.56.

Shares of NASDAQ BIDU opened at $222.00 on Thursday. The firm has a market cap of $61.61 billion, a PE ratio of 22.33 and a beta of 1.16. The firm has a fifty day moving average of $264.20 and a 200 day moving average of $200.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.65 and a current ratio of 2.65. Baidu, Inc. has a one year low of $90.94 and a one year high of $354.82.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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