Blue Trust Inc. Boosts Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Blue Trust Inc. grew its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,636 shares of the information services provider’s stock after purchasing an additional 558 shares during the quarter. Blue Trust Inc.’s holdings in Baidu were worth $278,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Baidu in the 1st quarter valued at approximately $31,000. iA Global Asset Management Inc. purchased a new stake in shares of Baidu during the 2nd quarter worth approximately $52,000. Denver PWM LLC purchased a new stake in Baidu in the 2nd quarter valued at approximately $67,000. Grove Bank & Trust lifted its stake 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 buying an additional 130 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 555 shares in the last quarter.

Baidu Price Performance

NASDAQ BIDU opened at $89.48 on Friday. Baidu, Inc. has a 12 month low of $79.68 and a 12 month high of $126.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $31.38 billion, a PE ratio of 11.98 and a beta of 0.49. The company’s 50 day simple moving average is $92.19 and its 200 day simple moving average is $94.65.

Analyst Ratings Changes

Several brokerages have weighed in on BIDU. Bank of America cut their price target on Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a report on Friday, August 23rd. HSBC downgraded Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Tuesday, September 24th. 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 research report on Wednesday, July 31st. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.36.

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.