Pzena Investment Management LLC Acquires 288,007 Shares of Baidu Inc (BIDU)

Pzena Investment Management LLC raised its holdings in Baidu Inc (NASDAQ:BIDU) by 67.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,245 shares of the information services provider’s stock after purchasing an additional 288,007 shares during the period. Pzena Investment Management LLC’s holdings in Baidu were worth $118,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in Baidu during the fourth quarter valued at approximately $26,000. First Personal Financial Services grew its stake in Baidu by 70.7% during the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Regal Wealth Group Inc. purchased a new position in Baidu during the fourth quarter valued at approximately $32,000. Rational Advisors LLC grew its stake in Baidu by 1,400.0% during the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 196 shares in the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in Baidu during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

BIDU stock opened at $156.75 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.73 and a quick ratio of 2.73. Baidu Inc has a one year low of $153.78 and a one year high of $284.22. The company has a market capitalization of $55.44 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 4.80 and a beta of 1.44.

Several equities analysts recently commented on BIDU shares. OTR Global raised shares of Baidu to a “positive” rating in a research note on Friday, January 25th. Citigroup reduced their price objective on shares of Baidu from $262.00 to $205.00 and set a “buy” rating for the company in a research note on Tuesday, January 22nd. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Baidu in a research note on Monday, January 14th. Oppenheimer cut their price target on shares of Baidu from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, January 28th. Finally, Barclays cut their price target on shares of Baidu from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $230.64.

TRADEMARK VIOLATION WARNING: “Pzena Investment Management LLC Acquires 288,007 Shares of Baidu Inc (BIDU)” was published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/05/12/pzena-investment-management-llc-acquires-288007-shares-of-baidu-inc-bidu.html.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

See Also: Understanding Market Liquidity

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.