SG Americas Securities LLC Purchases 92,183 Shares of Baidu, Inc. $BIDU

SG Americas Securities LLC lifted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,502 shares of the information services provider’s stock after purchasing an additional 92,183 shares during the period. SG Americas Securities LLC owned 0.11% of Baidu worth $47,495,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC bought a new position in Baidu during the 1st quarter valued at approximately $334,000. Cetera Investment Advisers lifted its holdings in Baidu by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 31,780 shares of the information services provider’s stock worth $2,725,000 after buying an additional 1,751 shares during the period. MAI Capital Management grew its position in shares of Baidu by 9.6% in the 2nd quarter. MAI Capital Management now owns 2,660 shares of the information services provider’s stock worth $228,000 after buying an additional 234 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Baidu by 12.5% during the second quarter. Franklin Resources Inc. now owns 3,467 shares of the information services provider’s stock valued at $297,000 after buying an additional 386 shares during the period. Finally, CreativeOne Wealth LLC purchased a new position in shares of Baidu during the second quarter valued at approximately $328,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BIDU shares. UBS Group reaffirmed a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. Citigroup reissued a “buy” rating on shares of Baidu in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Zacks Research cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group lifted their target price on shares of Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.89.

Baidu Trading Down 1.7%

NASDAQ BIDU opened at $112.53 on Wednesday. The firm has a market capitalization of $38.87 billion, a PE ratio of 70.77 and a beta of 0.32. The stock’s 50 day moving average is $136.54 and its 200 day moving average is $129.92. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $165.30. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.