Parametrica Management Ltd Acquires 4,200 Shares of Baidu, Inc. (NASDAQ:BIDU)

Parametrica Management Ltd grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 46.2% during the 4th quarter, HoldingsChannel reports. The firm owned 13,300 shares of the information services provider’s stock after purchasing an additional 4,200 shares during the quarter. Baidu comprises approximately 2.6% of Parametrica Management Ltd’s holdings, making the stock its 13th largest position. Parametrica Management Ltd’s holdings in Baidu were worth $1,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC grew its position in Baidu by 6.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock worth $255,000 after acquiring an additional 113 shares during the last quarter. CWM LLC lifted its holdings in Baidu by 8.7% during the 3rd quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock worth $214,000 after buying an additional 127 shares during the period. Financial Counselors Inc. lifted its holdings in Baidu by 8.9% during the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after buying an additional 140 shares during the period. Ignite Planners LLC lifted its holdings in Baidu by 4.9% during the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock worth $421,000 after buying an additional 171 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Baidu by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after buying an additional 195 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. HSBC decreased their price objective on Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday. Barclays reduced their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, Citigroup reduced their target price on Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.64.

Baidu Stock Performance

Shares of NASDAQ:BIDU traded up $0.62 during trading on Friday, hitting $100.52. 4,816,699 shares of the company were exchanged, compared to its average volume of 2,670,415. The company has a market cap of $35.25 billion, a PE ratio of 13.02 and a beta of 0.68. The stock has a 50 day moving average of $103.06 and a 200 day moving average of $108.90. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01.

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.