Baidu, Inc. (NASDAQ:BIDU) Stake Raised by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 12,065.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,070,694 shares of the information services provider’s stock after buying an additional 1,061,893 shares during the period. International Assets Investment Management LLC owned about 0.31% of Baidu worth $1,127,330,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in Baidu by 14.5% during the 1st quarter. Nordea Investment Management AB now owns 398,387 shares of the information services provider’s stock worth $42,125,000 after buying an additional 50,599 shares during the period. SRN Advisors LLC raised its holdings in Baidu by 111.5% during the 1st quarter. SRN Advisors LLC now owns 15,694 shares of the information services provider’s stock worth $1,652,000 after buying an additional 8,272 shares during the period. Handelsbanken Fonder AB raised its holdings in Baidu by 8.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock worth $19,249,000 after buying an additional 15,000 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in Baidu during the 1st quarter worth about $216,000. Finally, Clear Harbor Asset Management LLC grew its stake in Baidu by 126.5% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 11,211 shares of the information services provider’s stock valued at $970,000 after acquiring an additional 6,261 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lowered their target price on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Susquehanna lowered their target price on Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research note on Thursday, September 5th. HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, September 24th. Jefferies Financial Group lowered their target price on Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.36.

Baidu Stock Down 2.2 %

Shares of Baidu stock opened at $89.95 on Thursday. The stock has a market capitalization of $31.54 billion, a P/E ratio of 12.04 and a beta of 0.49. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $92.19 and a two-hundred day moving average price of $94.65. Baidu, Inc. has a 12-month low of $79.68 and a 12-month high of $126.23.

Baidu 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.