Baidu, Inc. (NASDAQ:BIDU) Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its position in Baidu, Inc. (NASDAQ:BIDU) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 913,466 shares of the information services provider’s stock after buying an additional 112,680 shares during the period. Bank of America Corp DE owned about 0.26% of Baidu worth $77,014,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new position in Baidu in the 4th quarter worth approximately $42,000. Sycomore Asset Management purchased a new position in Baidu in the 4th quarter worth approximately $51,000. GeoWealth Management LLC lifted its stake in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after purchasing an additional 308 shares in the last quarter. Retireful LLC purchased a new position in Baidu in the 4th quarter worth approximately $205,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Baidu during the 4th quarter valued at approximately $232,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Mizuho lifted their price target on shares of Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Baidu presently has an average rating of “Hold” and a consensus price target of $110.83.

Baidu Stock Up 5.1%

Baidu stock opened at $91.27 on Tuesday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The firm has a 50 day moving average price of $89.29 and a 200 day moving average price of $88.03. The company has a market capitalization of $31.53 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37.

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.