Hhlr Advisors LTD. Takes $31.59 Million Position in Baidu, Inc. (NASDAQ:BIDU)

Hhlr Advisors LTD. acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 300,000 shares of the information services provider’s stock, valued at approximately $31,587,000. Baidu makes up 0.7% of Hhlr Advisors LTD.’s investment portfolio, making the stock its 16th largest position. Hhlr Advisors LTD. owned approximately 0.09% of Baidu at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BIDU. Primecap Management Co. CA raised its position in Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after buying an additional 176,150 shares during the last quarter. Sanders Capital LLC raised its position in Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after buying an additional 18,334 shares during the last quarter. Federated Hermes Inc. raised its position in Baidu by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider’s stock valued at $162,976,000 after buying an additional 67,331 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Baidu by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock valued at $116,263,000 after buying an additional 14,878 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Baidu by 12,065.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock valued at $1,127,330,000 after buying an additional 1,061,893 shares during the last quarter.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of recent research reports. Barclays lowered Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Bank of America lowered their price target on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday. Finally, China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Baidu currently has a consensus rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

BIDU opened at $85.05 on Friday. The business has a fifty day simple moving average of $93.57 and a 200 day simple moving average of $91.75. The company has a market capitalization of $29.82 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.51. Baidu, Inc. has a 1 year low of $78.95 and a 1 year high of $120.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

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.