Optiver Holding B.V. Has $6.74 Million Stake in Baidu, Inc. $BIDU

Optiver Holding B.V. boosted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 134.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 63,224 shares of the information services provider’s stock after acquiring an additional 36,260 shares during the period. Optiver Holding B.V.’s holdings in Baidu were worth $6,740,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in shares of Baidu during the first quarter worth about $334,000. EverSource Wealth Advisors LLC lifted its position in Baidu by 71.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $101,000 after acquiring an additional 493 shares in the last quarter. Guggenheim Capital LLC lifted its position in Baidu by 53.3% in the 2nd quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock valued at $829,000 after acquiring an additional 3,362 shares in the last quarter. First Trust Advisors LP boosted its stake in Baidu by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock valued at $4,291,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Baidu during the 2nd quarter valued at about $254,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BIDU shares. JPMorgan Chase & Co. lowered their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Citigroup reaffirmed a “buy” rating on shares of Baidu in a research report on Tuesday, June 23rd. Nomura upped their price target on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Susquehanna increased their price target on Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Baidu has an average rating of “Moderate Buy” and a consensus price target of $165.33.

Baidu Trading Up 3.4%

Shares of BIDU stock opened at $111.11 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of -925.84, a PEG ratio of 2.40 and a beta of 0.56. Baidu, Inc. has a 52-week low of $84.64 and a 52-week high of $165.30. The company has a 50-day simple moving average of $115.59 and a two-hundred day simple moving average of $125.92.

Baidu 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.