Teachers Retirement System of The State of Kentucky Purchases 38,290 Shares of Baidu, Inc. (NASDAQ:BIDU)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 108,800 shares of the information services provider’s stock after purchasing an additional 38,290 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Baidu were worth $9,173,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BIDU. Dimensional Fund Advisors LP boosted its stake in shares of Baidu by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider’s stock worth $113,845,000 after acquiring an additional 4,236 shares during the period. GeoWealth Management LLC boosted its position in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after purchasing an additional 308 shares during the period. Dodge & Cox increased its holdings in shares of Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock valued at $498,796,000 after purchasing an additional 22,000 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Baidu by 72.0% in the fourth quarter. Bridgewater Associates LP now owns 196,590 shares of the information services provider’s stock valued at $16,575,000 after purchasing an additional 82,306 shares during the period. Finally, Quaker Capital Investments LLC lifted its stake in shares of Baidu by 10.4% during the 4th quarter. Quaker Capital Investments LLC now owns 102,100 shares of the information services provider’s stock worth $8,608,000 after buying an additional 9,600 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BIDU shares. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho upped their price objective on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Nomura Securities downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.83.

Baidu Stock Performance

NASDAQ BIDU opened at $82.98 on Tuesday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The firm’s fifty day moving average price is $89.74 and its two-hundred day moving average price is $88.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market cap of $29.10 billion, a PE ratio of 9.05, a PEG ratio of 2.96 and a beta of 0.33.

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.