Mirador Capital Partners LP Invests $213,000 in Baidu, Inc. (NASDAQ:BIDU)

Mirador Capital Partners LP acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,024 shares of the information services provider’s stock, valued at approximately $213,000.

A number of other large investors also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of Baidu in the 4th quarter valued at approximately $25,000. Headinvest LLC purchased a new stake in Baidu in the third quarter valued at approximately $36,000. FNY Investment Advisers LLC acquired a new position in Baidu during the fourth quarter worth $42,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Baidu during the fourth quarter worth $48,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Baidu in the 4th quarter valued at $66,000.

Baidu Stock Performance

Shares of Baidu stock opened at $86.21 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu, Inc. has a 52 week low of $85.93 and a 52 week high of $156.98. The firm’s 50 day moving average is $99.92 and its two-hundred day moving average is $104.48. The firm has a market capitalization of $30.23 billion, a P/E ratio of 11.54 and a beta of 0.49.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Loop Capital lowered their target price on Baidu from $155.00 to $130.00 and set a “buy” rating for the company in a report on Friday, June 21st. Citigroup dropped their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Morgan Stanley lowered shares of Baidu from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $140.00 to $125.00 in a report on Friday, May 17th. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Baidu in a research note on Friday, May 17th. Finally, StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.64.

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.