Baidu, Inc. $BIDU Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Baidu, Inc. (NASDAQ:BIDU) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,867 shares of the information services provider’s stock after buying an additional 6,404 shares during the quarter. Quantinno Capital Management LP’s holdings in Baidu were worth $4,331,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Baidu in the 1st quarter worth $334,000. EverSource Wealth Advisors LLC grew its holdings in Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after acquiring an additional 493 shares during the period. Guggenheim Capital LLC grew its holdings in Baidu by 53.3% during the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock worth $829,000 after acquiring an additional 3,362 shares during the period. First Trust Advisors LP raised its position in Baidu by 2.6% in the second quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Baidu in the 2nd quarter valued at about $254,000.

Baidu Trading Up 0.3%

Baidu stock opened at $109.71 on Friday. Baidu, Inc. has a one year low of $84.64 and a one year high of $165.30. The company’s fifty day moving average price is $113.67 and its two-hundred day moving average price is $124.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of -914.17, a PEG ratio of 2.37 and a beta of 0.58.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BIDU. JPMorgan Chase & Co. cut their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Benchmark restated a “buy” rating and set a $215.00 price objective on shares of Baidu in a report on Tuesday, May 19th. Barclays reduced their price objective on shares of Baidu from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, July 13th. Finally, Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.33.

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.