Mitsubishi UFJ Asset Management Co. Ltd. Purchases 5,639 Shares of Baidu, Inc. (NASDAQ:BIDU)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Baidu, Inc. (NASDAQ:BIDU) by 21.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,511 shares of the information services provider’s stock after acquiring an additional 5,639 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Baidu were worth $2,645,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BIDU. SG Americas Securities LLC boosted its stake in Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock valued at $32,161,000 after purchasing an additional 227,338 shares during the last quarter. World Investment Advisors LLC bought a new stake in Baidu in the 3rd quarter worth about $72,000. Union Bancaire Privee UBP SA purchased a new position in Baidu in the 4th quarter worth about $558,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after acquiring an additional 330,627 shares during the period. Finally, Ping Capital Management Inc. boosted its holdings in shares of Baidu by 300.0% during the 4th quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock valued at $843,000 after acquiring an additional 7,500 shares during the last quarter.

Baidu Price Performance

NASDAQ:BIDU opened at $91.63 on Wednesday. The stock has a market cap of $32.13 billion, a PE ratio of 9.99, a P/E/G ratio of 2.96 and a beta of 0.47. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The business’s 50-day simple moving average is $91.95 and its two-hundred day simple moving average is $90.55. Baidu, Inc. has a 52 week low of $77.20 and a 52 week high of $116.25.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BIDU. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Daiwa Capital Markets reissued an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently 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.