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

Gateway Investment Advisers LLC purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,051 shares of the information services provider’s stock, valued at approximately $660,000.

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

Baidu Stock Performance

Shares of NASDAQ:BIDU opened at $141.05 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.76. The business’s 50 day moving average price is $119.96 and its 200-day moving average price is $128.10. The firm has a market capitalization of $47.99 billion, a PE ratio of 88.71 and a beta of 0.53. Baidu, Inc. has a 1 year low of $81.17 and a 1 year high of $165.30.

Analyst Ratings Changes

Several research analysts have recently weighed in on BIDU shares. Benchmark reaffirmed a “buy” rating on shares of Baidu in a research note on Friday, February 20th. BNP Paribas Exane initiated coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target for the company. Barclays reduced their price objective on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Finally, Zacks Research lowered shares of Baidu from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.05.

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.