Baidu, Inc. (NASDAQ:BIDU) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Baidu, Inc. (NASDAQ:BIDU) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,913 shares of the information services provider’s stock after purchasing an additional 2,015 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Baidu were worth $1,341,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Baidu in the 3rd quarter valued at approximately $1,054,000. Fred Alger Management LLC bought a new stake in Baidu in the third quarter worth approximately $790,000. World Investment Advisors LLC acquired a new position in shares of Baidu during the 3rd quarter worth $72,000. Handelsbanken Fonder AB raised its holdings in shares of Baidu by 8.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock valued at $19,249,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Baidu in the 3rd quarter valued at $42,748,000.

Baidu Stock Up 4.6 %

NASDAQ BIDU opened at $86.40 on Friday. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25. The stock has a market cap of $30.30 billion, a PE ratio of 10.58, a PEG ratio of 1.90 and a beta of 0.46. The firm has a 50-day simple moving average of $84.92 and a 200 day simple moving average of $88.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

Analysts Set New Price Targets

Several research firms have weighed in on BIDU. Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Citigroup lowered their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research note on Monday, November 25th. Finally, Barclays lowered shares of Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Baidu has an average rating of “Hold” and an average target price of $113.75.

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.