Levin Capital Strategies L.P. Purchases New Position in Baidu, Inc. (NASDAQ:BIDU)

Levin Capital Strategies L.P. purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,065 shares of the information services provider’s stock, valued at approximately $484,000.

Several other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Baidu during the 4th quarter worth $25,000. Headinvest LLC purchased a new position in shares of Baidu in the 3rd quarter worth approximately $36,000. FNY Investment Advisers LLC bought a new position in shares of Baidu during the 4th quarter worth approximately $42,000. ING Groep NV lifted its position in Baidu by 103.2% during the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after acquiring an additional 225 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Baidu in the third quarter valued at approximately $73,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BIDU shares. Citigroup reduced their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. HSBC cut their price objective on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays lowered their target price on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Baidu Price Performance

BIDU traded up $7.06 during trading on Thursday, hitting $111.38. The company’s stock had a trading volume of 5,787,703 shares, compared to its average volume of 3,429,032. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $39.06 billion, a price-to-earnings ratio of 14.41 and a beta of 0.68. The business’s fifty day simple moving average is $102.94 and its 200 day simple moving average is $108.21. Baidu, Inc. has a twelve month low of $94.25 and a twelve month high of $156.98.

Baidu 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.