Aristides Capital LLC Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Aristides Capital LLC purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,500 shares of the information services provider’s stock, valued at approximately $1,081,000.

Several other large investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new position in Baidu in the first quarter worth $31,000. iA Global Asset Management Inc. bought a new position in shares of Baidu during the second quarter valued at approximately $52,000. Silicon Valley Capital Partners purchased a new position in shares of Baidu during the first quarter valued at approximately $53,000. Accent Capital Management LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $66,000. Finally, Denver PWM LLC purchased a new stake in shares of Baidu in the 2nd quarter worth approximately $67,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BIDU shares. Jefferies Financial Group reduced their price target on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Citigroup cut their price target on shares of Baidu from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Benchmark decreased their price objective on shares of Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Barclays cut their target price on Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.13.

Baidu Trading Up 0.1 %

Shares of NASDAQ:BIDU opened at $105.29 on Tuesday. The stock has a 50 day moving average of $87.05 and a 200 day moving average of $95.03. The company has a market cap of $36.92 billion, a PE ratio of 14.10 and a beta of 0.48. Baidu, Inc. has a 12-month low of $79.68 and a 12-month high of $135.85. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19.

Baidu Company 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.