Atria Investments Inc Makes New $216,000 Investment in Baidu, Inc. (NASDAQ:BIDU)

Atria Investments Inc purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,056 shares of the information services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Axxcess Wealth Management LLC grew its holdings in Baidu by 28.9% in the first quarter. Axxcess Wealth Management LLC now owns 4,287 shares of the information services provider’s stock valued at $451,000 after purchasing an additional 962 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Baidu by 8.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after buying an additional 196 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Baidu by 9.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,017,341 shares of the information services provider’s stock valued at $107,107,000 after buying an additional 84,776 shares during the period. Bellevue Group AG acquired a new stake in shares of Baidu during the 1st quarter worth $211,000. Finally, Silvercrest Asset Management Group LLC grew its position in Baidu by 1.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 26,019 shares of the information services provider’s stock valued at $2,739,000 after acquiring an additional 379 shares during the period.

Baidu Stock Down 1.6 %

Shares of NASDAQ BIDU opened at $80.33 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. Baidu, Inc. has a 1 year low of $78.95 and a 1 year high of $126.23. The stock’s 50-day simple moving average is $93.70 and its 200-day simple moving average is $92.54. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 9.83 and a beta of 0.51.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BIDU shares. Bank of America cut their price objective on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Sanford C. Bernstein lowered shares of Baidu from an “outperform” rating to a “market perform” rating and cut their price target for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Mizuho decreased their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reduced their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Baidu has an average rating of “Hold” and an average price target of $119.36.

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.