Connor Clark & Lunn Investment Management Ltd. Invests $615,000 in Baidu, Inc. (NASDAQ:BIDU)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 7,289 shares of the information services provider’s stock, valued at approximately $615,000.

A number of other large investors have also recently made changes to their positions in BIDU. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Baidu during the 3rd quarter worth about $1,054,000. Fred Alger Management LLC purchased a new position in shares of Baidu during the 3rd quarter worth about $790,000. SG Americas Securities LLC boosted its stake in shares of Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after purchasing an additional 227,338 shares during the period. World Investment Advisors LLC purchased a new position in shares of Baidu during the 3rd quarter worth about $72,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Baidu during the 4th quarter worth about $558,000.

Baidu Price Performance

Shares of BIDU opened at $94.54 on Friday. The company has a 50 day moving average price of $90.06 and a 200-day moving average price of $89.90. Baidu, Inc. has a fifty-two week low of $77.20 and a fifty-two week high of $116.25. The stock has a market capitalization of $33.15 billion, a PE ratio of 10.31, a PEG ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

Analyst Ratings Changes

A number of research firms recently commented on BIDU. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Citigroup lowered their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, Nomura Securities cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $111.25.

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.