Teachers Retirement System of The State of Kentucky Has $9.17 Million Position in Baidu, Inc. (NASDAQ:BIDU)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 108,800 shares of the information services provider’s stock after acquiring an additional 38,290 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Baidu were worth $9,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new position in Baidu in the third quarter valued at $72,000. Denver PWM LLC lifted its stake in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares during the period. DGS Capital Management LLC grew its stake in Baidu by 23.5% during the third quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock worth $345,000 after purchasing an additional 624 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Baidu by 134.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock worth $1,739,000 after purchasing an additional 9,415 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd lifted its stake in Baidu by 23.3% in the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 6,662 shares of the information services provider’s stock valued at $560,000 after buying an additional 1,261 shares during the period.

Baidu Stock Performance

NASDAQ BIDU opened at $82.98 on Tuesday. The company has a fifty day moving average price of $89.74 and a 200-day moving average price of $88.92. The firm has a market cap of $29.10 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Nomura Securities downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Barclays reduced their target price on Baidu from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.83.

About Baidu

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.