Baidu, Inc. (NASDAQ:BIDU) Stock Position Boosted by Creative Planning

Creative Planning raised its holdings in Baidu, Inc. (NASDAQ:BIDU) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,440 shares of the information services provider’s stock after acquiring an additional 1,362 shares during the quarter. Creative Planning’s holdings in Baidu were worth $5,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BIDU. Crewe Advisors LLC acquired a new stake in Baidu in the 1st quarter valued at about $31,000. iA Global Asset Management Inc. acquired a new stake in Baidu in the 2nd quarter valued at about $52,000. Denver PWM LLC acquired a new stake in Baidu in the 2nd quarter valued at about $67,000. Grove Bank & Trust lifted its holdings in Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Baidu by 102.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,098 shares of the information services provider’s stock valued at $97,000 after acquiring an additional 555 shares during the last quarter.

Analysts Set New Price Targets

BIDU has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Bank of America reduced their price objective on shares of Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Friday. HSBC lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research note on Tuesday, September 24th. Finally, Citigroup reduced their price objective on shares of Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and a consensus target price of $128.36.

Baidu Price Performance

Shares of BIDU opened at $89.48 on Friday. The business’s 50-day moving average is $92.19 and its 200-day moving average is $94.65. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23. The company has a market capitalization of $31.38 billion, a price-to-earnings ratio of 11.98 and a beta of 0.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32.

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.