Banco Santander S.A. Buys New Stake in Baidu Inc (NASDAQ:BIDU)

Banco Santander S.A. bought a new stake in shares of Baidu Inc (NASDAQ:BIDU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,500 shares of the information services provider’s stock, valued at approximately $8,272,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Regal Wealth Group Inc. purchased a new position in Baidu during the third quarter valued at $32,000. Griffin Asset Management Inc. purchased a new position in Baidu during the second quarter valued at $27,000. Motco purchased a new position in Baidu during the second quarter valued at $28,000. Atlas Capital Advisors LLC purchased a new position in Baidu during the third quarter valued at $25,000. Finally, Tower Research Capital LLC TRC purchased a new position in Baidu during the second quarter valued at $31,000. 55.00% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Nomura cut their target price on shares of Baidu from $134.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Sanford C. Bernstein raised shares of Baidu from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $118.00 to $139.00 in a research note on Friday, November 8th. Benchmark dropped their price objective on shares of Baidu to $165.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. HSBC lifted their price objective on shares of Baidu from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group set a $133.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $145.35.

Baidu stock opened at $118.29 on Thursday. The firm has a 50-day moving average price of $106.05 and a 200-day moving average price of $114.57. The firm has a market capitalization of $43.51 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 18.61 and a beta of 1.72. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu Inc has a 12-month low of $93.39 and a 12-month high of $196.00.

Baidu Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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