Baidu, Inc. (NASDAQ:BIDU) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 147.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 381,456 shares of the information services provider’s stock after buying an additional 227,338 shares during the period. SG Americas Securities LLC owned 0.11% of Baidu worth $32,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after buying an additional 593 shares during the last quarter. World Investment Advisors LLC acquired a new position in Baidu during the third quarter worth $72,000. Grove Bank & Trust boosted its stake in Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after buying an additional 130 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in shares of Baidu in the 3rd quarter valued at $82,000. 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 valued at $97,000 after purchasing an additional 555 shares during the last quarter.

Baidu Price Performance

BIDU stock opened at $83.00 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $29.10 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.90 and a beta of 0.46. The business’s 50-day moving average is $84.98 and its two-hundred day moving average is $88.93. Baidu, Inc. has a 1 year low of $77.19 and a 1 year high of $116.25.

Analysts Set New Price Targets

BIDU has been the topic of several recent analyst reports. Benchmark decreased their price target on Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Citigroup decreased their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lowered Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Ten 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.com, the company presently has an average rating of “Hold” and a consensus target price of $113.75.

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.