Primecap Management Co. CA Has $1.02 Billion Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Primecap Management Co. CA trimmed its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,114,236 shares of the information services provider’s stock after selling 9,620 shares during the period. Primecap Management Co. CA’s holdings in Baidu were worth $1,021,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Sanders Capital LLC raised its position 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 valued at $274,357,000 after buying an additional 18,334 shares during the period. Appaloosa LP raised its position in Baidu by 7.2% during the fourth quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after buying an additional 102,909 shares during the period. CoreView Capital Management Ltd raised its position 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 valued at $130,221,000 after buying an additional 166,618 shares during the period. North of South Capital LLP raised its position 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 valued at $51,838,000 after buying an additional 97,549 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new position in Baidu in the 3rd quarter worth about $42,748,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on BIDU. Mizuho raised their price target on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Citigroup cut their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Barclays raised their price target on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Finally, China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.25.

Baidu Stock Performance

BIDU opened at $102.27 on Tuesday. The firm has a market capitalization of $35.86 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The stock’s 50 day moving average price is $88.72 and its two-hundred day moving average price is $89.57. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 12-month low of $77.20 and a 12-month high of $116.25.

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.