Baidu, Inc. (NASDAQ:BIDU) Shares Bought by Intellectus Partners LLC

Intellectus Partners LLC lifted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 1.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,538 shares of the information services provider’s stock after acquiring an additional 250 shares during the period. Intellectus Partners LLC’s holdings in Baidu were worth $1,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC purchased a new position in Baidu during the 1st quarter valued at about $31,000. iA Global Asset Management Inc. purchased a new stake in shares of Baidu in the second quarter valued at about $52,000. Allspring Global Investments Holdings LLC grew its position in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares in the last quarter. Finally, Denver PWM LLC acquired a new position in shares of Baidu during the 2nd quarter worth approximately $67,000.

Baidu Stock Down 0.5 %

Shares of BIDU opened at $84.06 on Friday. The firm has a market cap of $29.47 billion, a PE ratio of 11.07 and a beta of 0.51. 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 company’s fifty day moving average is $93.51 and its two-hundred day moving average is $93.75. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BIDU shares. HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Tuesday, September 24th. Susquehanna dropped their price objective on Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. Loop Capital cut their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Bank of America decreased their price target on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Benchmark lowered their price target on shares of Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.29.

Baidu Company 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.