Jones Financial Companies Lllp Has $351,000 Stake in Baidu, Inc. (NASDAQ:BIDU)

Jones Financial Companies Lllp lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,159 shares of the information services provider’s stock after acquiring an additional 1,002 shares during the quarter. Jones Financial Companies Lllp’s holdings in Baidu were worth $351,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BIDU. Sycomore Asset Management acquired a new position in Baidu in the fourth quarter worth $51,000. Transamerica Financial Advisors Inc. bought a new position in shares of Baidu in the third quarter valued at about $82,000. Denver PWM LLC lifted its position in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares in the last quarter. Banco Santander S.A. bought a new stake in Baidu during the 3rd quarter worth about $201,000. Finally, Quantinno Capital Management LP acquired a new stake in Baidu in the 3rd quarter valued at about $201,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BIDU shares. Mizuho upped their target price on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and issued a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and cut their price target for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Finally, Citigroup lowered their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.25.

Baidu Stock Up 2.0 %

Shares of NASDAQ BIDU opened at $94.47 on Wednesday. Baidu, Inc. has a 52-week low of $77.20 and a 52-week high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market cap of $33.13 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.96 and a beta of 0.47. The firm has a 50 day moving average price of $87.75 and a 200 day moving average price of $89.25.

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.