17,532 Shares in Baidu, Inc. (NASDAQ:BIDU) Purchased by Prospect Financial Services LLC

Prospect Financial Services LLC acquired a new stake in Baidu, Inc. (NASDAQ:BIDUFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,532 shares of the information services provider’s stock, valued at approximately $2,088,000. Baidu comprises 2.1% of Prospect Financial Services LLC’s holdings, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIDU. National Bank of Canada FI increased its stake in Baidu by 90,390.0% in the 4th quarter. National Bank of Canada FI now owns 901,280 shares of the information services provider’s stock valued at $103,953,000 after buying an additional 900,284 shares during the last quarter. Hsbc Holdings PLC increased its stake in Baidu by 139.3% in the 4th quarter. Hsbc Holdings PLC now owns 536,748 shares of the information services provider’s stock valued at $63,907,000 after buying an additional 312,467 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Baidu by 25.7% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,322,669 shares of the information services provider’s stock valued at $175,187,000 after buying an additional 270,187 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Baidu by 15.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock valued at $241,076,000 after acquiring an additional 238,374 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Baidu by 63.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 288,573 shares of the information services provider’s stock valued at $38,770,000 after acquiring an additional 111,755 shares during the period.

Baidu Price Performance

NASDAQ:BIDU traded down $2.00 during trading hours on Friday, hitting $91.99. The stock had a trading volume of 3,883,545 shares, compared to its average volume of 3,393,899. The company has a 50 day simple moving average of $101.83 and a two-hundred day simple moving average of $106.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.79 and a quick ratio of 2.79. Baidu, Inc. has a one year low of $91.78 and a one year high of $156.98. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 12.31 and a beta of 0.52.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of research reports. HSBC reduced their target price on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Macquarie downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Mizuho reduced their target price on shares of Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Susquehanna reduced their target price on shares of Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Friday, May 24th. Finally, StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Baidu currently has a consensus rating of “Moderate Buy” and an average price target of $160.93.

Get Our Latest Analysis on Baidu

Baidu Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu, Inc. (NASDAQ:BIDUFree Report).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.