Baidu, Inc. $BIDU Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in Baidu, Inc. (NASDAQ:BIDU) by 41.8% in the second quarter, Holdings Channel.com reports. The firm owned 16,615 shares of the information services provider’s stock after purchasing an additional 4,900 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Baidu were worth $1,425,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC purchased a new stake in Baidu in the 1st quarter valued at about $29,000. Assetmark Inc. boosted its position in shares of Baidu by 143.3% in the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after acquiring an additional 192 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after acquiring an additional 179 shares during the last quarter. CX Institutional purchased a new stake in Baidu in the first quarter valued at approximately $49,000. Finally, Parallel Advisors LLC raised its stake in Baidu by 17.0% during the second quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock worth $80,000 after purchasing an additional 136 shares during the period.

Baidu Trading Up 5.9%

BIDU opened at $132.92 on Thursday. The firm’s 50 day moving average is $98.64 and its 200-day moving average is $91.57. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $141.60. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $45.92 billion, a P/E ratio of 12.25 and a beta of 0.34.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price objective on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Citigroup upped their price target on Baidu from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Arete upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a report on Tuesday, September 16th. Barclays cut their price target on shares of Baidu from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Finally, Susquehanna increased their price objective on shares of Baidu from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.45.

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.