Baidu, Inc. (NASDAQ:BIDU) Holdings Lifted by LGT Group Foundation

LGT Group Foundation grew its position in Baidu, Inc. (NASDAQ:BIDU) by 49.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,988 shares of the information services provider’s stock after purchasing an additional 988 shares during the period. LGT Group Foundation’s holdings in Baidu were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its holdings in Baidu by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock worth $255,000 after buying an additional 113 shares in the last quarter. Financial Counselors Inc. lifted its position in Baidu by 8.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after buying an additional 140 shares in the last quarter. Ignite Planners LLC lifted its position in Baidu by 4.9% in the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock worth $421,000 after buying an additional 171 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Baidu by 5.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after buying an additional 195 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Baidu by 14.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the information services provider’s stock worth $186,000 after buying an additional 201 shares in the last quarter.

Analysts Set New Price Targets

BIDU has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. HSBC dropped their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Barclays dropped their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $171.64.

Baidu Stock Performance

NASDAQ BIDU opened at $113.41 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 14.69 and a beta of 0.68. The company’s fifty day moving average is $102.97 and its two-hundred day moving average is $108.23. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98.

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.