World Investment Advisors LLC Invests $72,000 in Baidu, Inc. (NASDAQ:BIDU)

World Investment Advisors LLC purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 68,680 shares of the information services provider’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. iA Global Asset Management Inc. purchased a new position in shares of Baidu during the second quarter valued at approximately $52,000. Denver PWM LLC purchased a new position in Baidu during the 2nd quarter valued at $67,000. Allspring Global Investments Holdings LLC raised its holdings in Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after purchasing an additional 593 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu during the 3rd quarter valued at about $82,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Loop Capital decreased their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Stock Down 3.1 %

Shares of Baidu stock opened at $85.58 on Friday. The company has a 50-day simple moving average of $88.98 and a two-hundred day simple moving average of $90.22. The stock has a market capitalization of $30.01 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a 52-week low of $78.95 and a 52-week high of $120.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19.

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.