Baidu, Inc. $BIDU Shares Acquired by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 36.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,291 shares of the information services provider’s stock after purchasing an additional 14,315 shares during the period. Greenwood Capital Associates LLC’s holdings in Baidu were worth $7,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Primecap Management Co. CA raised its holdings in shares of Baidu by 1.4% in the second quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock valued at $1,039,132,000 after buying an additional 170,414 shares during the last quarter. RPD Fund Management LLC increased its position in Baidu by 161.6% in the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock valued at $107,959,000 after acquiring an additional 777,570 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Baidu during the 2nd quarter valued at approximately $80,618,000. GMT Capital Corp lifted its position in Baidu by 43.2% during the 1st quarter. GMT Capital Corp now owns 591,427 shares of the information services provider’s stock worth $54,429,000 after acquiring an additional 178,300 shares during the period. Finally, Polunin Capital Partners Ltd grew its stake in shares of Baidu by 19.9% in the 3rd quarter. Polunin Capital Partners Ltd now owns 412,368 shares of the information services provider’s stock valued at $58,556,000 after purchasing an additional 68,496 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark upped their price target on Baidu from $115.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Arete Research upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Baidu in a research note on Monday. National Bankshares upgraded shares of Baidu to an “outperform” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group raised their price objective on shares of Baidu from $108.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Baidu currently has a consensus rating of “Moderate Buy” and an average target price of $146.11.

Baidu Stock Up 1.2%

Shares of NASDAQ BIDU opened at $124.80 on Friday. The stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 41.46 and a beta of 0.44. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $149.51. The firm has a 50-day moving average price of $121.82 and a 200 day moving average price of $108.37. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.