Semmax Financial Advisors Inc. purchased a new stake in shares of Baidu Inc (NASDAQ:BIDU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 209 shares of the information services provider’s stock, valued at approximately $33,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in Baidu in the 4th quarter worth $26,000. First Personal Financial Services increased its stake in Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Regal Wealth Group Inc. purchased a new stake in Baidu in the 4th quarter worth $32,000. Rational Advisors LLC increased its stake in Baidu by 1,400.0% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after buying an additional 196 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in Baidu in the 4th quarter worth $39,000. 62.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Credit Suisse Group set a $246.00 price target on Baidu and gave the stock a “buy” rating in a research note on Sunday, December 23rd. Barclays cut their price target on Baidu from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 25th. OTR Global upgraded Baidu to a “positive” rating in a research note on Friday, January 25th. HSBC assumed coverage on Baidu in a research note on Wednesday, December 12th. They issued a “buy” rating and a $213.00 price target for the company. Finally, ValuEngine lowered Baidu from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $248.94.
Shares of Baidu stock opened at $167.74 on Friday. The stock has a market cap of $58.17 billion, a PE ratio of 21.51, a PEG ratio of 1.51 and a beta of 1.47. The company has a quick ratio of 2.66, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu Inc has a twelve month low of $153.78 and a twelve month high of $284.22.
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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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