Generali Investments CEE investicni spolecnost a.s. Makes New $961,000 Investment in Baidu, Inc. (NASDAQ:BIDU)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,400 shares of the information services provider’s stock, valued at approximately $961,000.

Several other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares during the last quarter. Denver PWM LLC boosted its holdings in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 220 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of Baidu by 1.5% in the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after acquiring an additional 250 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after acquiring an additional 270 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Baidu by 6.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after acquiring an additional 357 shares during the last quarter.

Baidu Stock Performance

NASDAQ:BIDU opened at $94.80 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The company has a fifty day moving average of $87.38 and a two-hundred day moving average of $89.14. The stock has a market capitalization of $33.24 billion, a PE ratio of 10.34, a P/E/G ratio of 2.96 and a beta of 0.47. Baidu, Inc. has a fifty-two week low of $77.20 and a fifty-two week high of $116.25.

Analysts Set New Price Targets

Several analysts have recently commented on BIDU shares. Citigroup dropped their price objective 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. Barclays upped their price objective on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research note on Monday, November 25th. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.25.

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.