Raymond James Financial Inc. Purchases Shares of 41,481 Baidu, Inc. (NASDAQ:BIDU)

Raymond James Financial Inc. purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 41,481 shares of the information services provider’s stock, valued at approximately $3,497,000.

A number of other hedge funds also recently modified their holdings of the business. Fred Alger Management LLC acquired a new position in Baidu during the 3rd quarter worth about $790,000. SG Americas Securities LLC raised its position in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after acquiring an additional 227,338 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Baidu in the third quarter worth approximately $72,000. Union Bancaire Privee UBP SA bought a new stake in Baidu in the fourth quarter valued at approximately $558,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after purchasing an additional 330,627 shares during the period.

Analyst Ratings Changes

BIDU has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Citigroup dropped their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Barclays boosted their price objective on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Price Performance

Shares of BIDU opened at $98.42 on Friday. The business’s fifty day moving average is $91.40 and its 200 day moving average is $90.25. Baidu, Inc. has a 12-month low of $77.20 and a 12-month high of $116.25. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The stock has a market cap of $34.51 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.96 and a beta of 0.47.

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.