JTC Employer Solutions Trustee Ltd Acquires 1,261 Shares of Baidu, Inc. (NASDAQ:BIDU)

JTC Employer Solutions Trustee Ltd grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 23.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,662 shares of the information services provider’s stock after purchasing an additional 1,261 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Baidu were worth $560,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BIDU. Acadian Asset Management LLC bought a new position in shares of Baidu in the 2nd quarter worth $621,000. Envestnet Asset Management Inc. lifted its holdings in shares of Baidu by 11.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 84,548 shares of the information services provider’s stock worth $7,312,000 after purchasing an additional 8,422 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $116,263,000 after purchasing an additional 14,878 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Baidu by 17.2% in the 2nd quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock worth $1,033,238,000 after purchasing an additional 1,753,577 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Baidu in the 2nd quarter worth $2,591,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BIDU. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Benchmark lowered their price target on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

BIDU traded up $0.74 during trading hours on Monday, hitting $78.17. The stock had a trading volume of 1,895,379 shares, compared to its average volume of 2,892,699. The company’s fifty day simple moving average is $86.16 and its 200 day simple moving average is $89.26. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The stock has a market cap of $27.41 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

Baidu Company 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.