RWC Asset Advisors US LLC Has $138.71 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

RWC Asset Advisors US LLC lifted its position in Baidu, Inc. (NASDAQ:BIDU) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,164,713 shares of the information services provider’s stock after acquiring an additional 58,686 shares during the period. Baidu accounts for about 11.0% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 4th largest holding. RWC Asset Advisors US LLC’s holdings in Baidu were worth $138,706,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC raised its position in shares of Baidu by 6.3% in 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 in the last quarter. CWM LLC increased its position in Baidu by 8.7% during the 3rd quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock valued at $214,000 after buying an additional 127 shares in the last quarter. Financial Counselors Inc. increased its position in Baidu by 8.9% during the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock valued at $230,000 after buying an additional 140 shares in the last quarter. Ignite Planners LLC increased its position in Baidu by 4.9% during the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock valued at $421,000 after buying an additional 171 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position 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 valued at $547,000 after buying an additional 195 shares in the last quarter.

Wall Street Analyst Weigh In

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

Baidu Stock Performance

NASDAQ BIDU traded up $0.62 on Friday, hitting $100.52. 4,816,699 shares of the company traded hands, compared to its average volume of 2,670,415. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 13.02 and a beta of 0.68. 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 business’s 50 day moving average price is $103.06 and its 200-day moving average price is $108.90. Baidu, Inc. has a 52-week low of $94.25 and a 52-week 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.