Kovitz Investment Group Partners LLC Invests $221,000 in Baidu, Inc. (NASDAQ:BIDU)

Kovitz Investment Group Partners LLC bought a new position in Baidu, Inc. (NASDAQ:BIDUGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,020 shares of the information services provider’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FourThought Financial LLC boosted its holdings in shares of Baidu by 112.1% in the 3rd quarter. FourThought Financial LLC now owns 227 shares of the information services provider’s stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Allworth Financial LP acquired a new position in Baidu during the 3rd quarter worth $36,000. Koshinski Asset Management Inc. lifted its holdings in Baidu by 60.3% during the 4th quarter. Koshinski Asset Management Inc. now owns 234 shares of the information services provider’s stock worth $35,000 after buying an additional 88 shares in the last quarter. Concord Wealth Partners lifted its holdings in Baidu by 161.0% during the 4th quarter. Concord Wealth Partners now owns 381 shares of the information services provider’s stock worth $57,000 after buying an additional 235 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Baidu during the 4th quarter worth $60,000. 72.89% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on BIDU. Jefferies Financial Group reduced their price objective on Baidu from $272.00 to $270.00 in a report on Thursday, April 7th. The Goldman Sachs Group began coverage on Baidu in a report on Sunday, April 10th. They set a “buy” rating and a $240.00 price objective on the stock. Susquehanna upped their price objective on Baidu from $175.00 to $200.00 and gave the stock a “positive” rating in a report on Thursday, March 3rd. HSBC dropped their target price on shares of Baidu from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 8th. Finally, Zacks Investment Research cut shares of Baidu from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Baidu has an average rating of “Buy” and an average target price of $252.28.

Shares of BIDU traded down $0.94 during trading hours on Tuesday, reaching $125.79. The stock had a trading volume of 116,417 shares, compared to its average volume of 4,222,066. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.32. Baidu, Inc. has a 52 week low of $102.18 and a 52 week high of $222.68. The firm has a 50-day moving average of $145.97 and a 200 day moving average of $152.00. The company has a market cap of $43.78 billion, a P/E ratio of 29.28, a P/E/G ratio of 14.01 and a beta of 0.92.

Baidu Profile (Get Rating)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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