ANTIPODES PARTNERS Ltd Has $67,000 Stake in Baidu, Inc. (NASDAQ:BIDU)

ANTIPODES PARTNERS Ltd trimmed its position in Baidu, Inc. (NASDAQ:BIDU) by 99.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 792 shares of the information services provider’s stock after selling 549,743 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Baidu were worth $67,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Primecap Management Co. CA raised its stake in shares of Baidu by 1.5% in the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after purchasing an additional 176,150 shares in the last quarter. Sanders Capital LLC raised its stake in Baidu by 0.7% during the third quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after acquiring an additional 18,334 shares in the last quarter. CoreView Capital Management Ltd raised its stake in Baidu by 15.6% during the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock worth $130,221,000 after acquiring an additional 166,618 shares in the last quarter. North of South Capital LLP raised its stake in Baidu by 18.9% during the fourth quarter. North of South Capital LLP now owns 614,847 shares of the information services provider’s stock worth $51,838,000 after acquiring an additional 97,549 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in Baidu during the third quarter worth $42,748,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a research note on Saturday. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Finally, Citigroup cut their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Price Performance

Shares of BIDU stock opened at $92.40 on Thursday. Baidu, Inc. has a 12-month low of $77.20 and a 12-month high of $116.25. The firm has a market capitalization of $32.40 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth 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 firm has a fifty day moving average of $87.91 and a 200-day moving average of $89.27.

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.