IFM Investors Pty Ltd acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,192 shares of the information services provider's stock, valued at approximately $1,613,000.
Other large investors have also added to or reduced their stakes in the company. Hardy Reed LLC purchased a new position in Baidu during the first quarter valued at $30,000. FourThought Financial LLC raised its stake in Baidu by 61.7% during the first quarter. FourThought Financial LLC now owns 359 shares of the information services provider's stock valued at $47,000 after buying an additional 137 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Baidu during the first quarter valued at $52,000. Kathleen S. Wright Associates Inc. purchased a new position in Baidu during the fourth quarter valued at $60,000. Finally, UMB Bank N A MO bought a new stake in shares of Baidu in the 4th quarter worth $60,000. Hedge funds and other institutional investors own 71.75% of the company's stock.
Get Baidu alerts:Baidu Trading Down 1.6 %
NASDAQ:BIDU opened at $137.82 on Friday. The stock has a 50-day simple moving average of $143.92 and a two-hundred day simple moving average of $140.92. Baidu, Inc. has a 52-week low of $101.62 and a 52-week high of $182.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.10 and a quick ratio of 3.10.
Analyst Ratings Changes
A number of research firms have commented on BIDU. JPMorgan Chase & Co. lifted their target price on Baidu from $145.00 to $160.00 in a report on Monday, July 18th. Mizuho reduced their target price on Baidu from $300.00 to $285.00 in a report on Monday, May 2nd. The Goldman Sachs Group began coverage on Baidu in a report on Sunday, April 10th. They issued a "buy" rating and a $240.00 target price for the company. Daiwa Capital Markets reduced their target price on Baidu from $215.00 to $210.00 in a report on Tuesday, July 19th. Finally, Benchmark reduced their target price on Baidu from $330.00 to $270.00 and set a "buy" rating for the company in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $232.06.Baidu Company Profile
(Get Rating)
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.
Featured Stories
- Get a free copy of the StockNews.com research report on Baidu (BIDU)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc's Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It's Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.