Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 51.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,038 shares of the information services provider’s stock after acquiring an additional 1,369 shares during the quarter. Bleakley Financial Group LLC’s holdings in Baidu were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC acquired a new position in Baidu during the 1st quarter worth $31,000. iA Global Asset Management Inc. bought a new position in Baidu in the 2nd quarter valued at about $52,000. Denver PWM LLC acquired a new position in Baidu during the 2nd quarter valued at about $67,000. Grove Bank & Trust raised its position in shares of Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after buying an additional 130 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Baidu by 102.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,098 shares of the information services provider’s stock worth $97,000 after acquiring an additional 555 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BIDU shares. HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Tuesday, September 24th. Barclays cut their price objective on Baidu from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Bank of America dropped their price target on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group reduced their price objective on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.36.

Baidu Price Performance

Shares of BIDU opened at $91.98 on Wednesday. The business’s 50-day moving average is $92.07 and its 200-day moving average is $94.68. 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 company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 12.31 and a beta of 0.49. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23.

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.