Natixis Advisors LLC Buys 2,669 Shares of Baidu, Inc. (NASDAQ:BIDU)

Natixis Advisors LLC raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,822 shares of the information services provider’s stock after buying an additional 2,669 shares during the period. Natixis Advisors LLC’s holdings in Baidu were worth $1,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guinness Asset Management LTD increased its position in Baidu by 4.4% during the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after purchasing an additional 100 shares during the period. Grove Bank & Trust lifted its holdings in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 shares during the period. Blue Trust Inc. lifted its holdings in Baidu by 9.0% in the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after buying an additional 171 shares during the period. Advisors Asset Management Inc. boosted its position in Baidu by 8.2% during the first quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after acquiring an additional 196 shares during the last quarter. Finally, Intellectus Partners LLC grew its holdings in Baidu by 1.5% during the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after acquiring an additional 250 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research report on Monday. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and cut their price target for the stock from $105.00 to $85.00 in a report on Monday. Mizuho lowered their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Barclays lowered shares of Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.92.

Baidu Price Performance

BIDU stock opened at $82.67 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The business has a 50-day simple moving average of $93.67 and a two-hundred day simple moving average of $92.22. The company has a market capitalization of $28.99 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. Baidu, Inc. has a 52-week low of $78.95 and a 52-week high of $126.23.

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.