68,680 Shares in Baidu, Inc. (NASDAQ:BIDU) Acquired by World Investment Advisors LLC

World Investment Advisors LLC bought a new position in Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 68,680 shares of the information services provider’s stock, valued at approximately $72,000.

Several other large investors have also recently bought and sold shares of BIDU. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Baidu in the third quarter worth $1,054,000. Fred Alger Management LLC bought a new position in Baidu in the 3rd quarter worth about $790,000. Handelsbanken Fonder AB raised its holdings in shares of Baidu by 8.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock valued at $19,249,000 after acquiring an additional 15,000 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Baidu during the 3rd quarter valued at about $42,748,000. Finally, Stifel Financial Corp grew its holdings in shares of Baidu by 82.5% during the third quarter. Stifel Financial Corp now owns 75,546 shares of the information services provider’s stock worth $7,954,000 after purchasing an additional 34,145 shares in the last quarter.

Baidu Price Performance

Shares of Baidu stock opened at $85.58 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25. The business’s 50 day simple moving average is $88.98 and its two-hundred day simple moving average is $90.22. The stock has a market capitalization of $30.01 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

Wall Street Analysts Forecast Growth

BIDU has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Bank of America lowered their price objective on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Mizuho cut their target price on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Hsbc Global Res cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Benchmark dropped their price target on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.