Transamerica Financial Advisors Inc. Invests $82,000 in Baidu, Inc. (NASDAQ:BIDU)

Transamerica Financial Advisors Inc. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 776 shares of the information services provider’s stock, valued at approximately $82,000.

Several other large investors also recently made changes to their positions in the business. Guinness Asset Management LTD grew its holdings in shares of Baidu by 4.4% during the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after purchasing an additional 100 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of 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 purchasing an additional 130 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Baidu by 5.2% during the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Baidu by 9.0% during the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after purchasing an additional 171 shares during the last quarter. Finally, Intellectus Partners LLC boosted its holdings in Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after acquiring an additional 250 shares during the last quarter.

Baidu Trading Up 1.6 %

NASDAQ:BIDU opened at $84.82 on Thursday. Baidu, Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $123.74. 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 stock has a market capitalization of $29.74 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51. The business’s 50-day simple moving average is $93.64 and its 200-day simple moving average is $91.99.

Analyst Ratings Changes

A number of brokerages recently commented on BIDU. Benchmark lowered their price objective on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $85.00 in a research report on Monday. HSBC lowered Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Tuesday, September 24th. Loop Capital lowered their price objective on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Finally, Sanford C. Bernstein lowered Baidu from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $130.00 to $97.00 in a research report on Friday, August 23rd. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Baidu currently has a consensus rating of “Hold” and a consensus target price of $114.92.

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.