9,365 Shares in Baidu, Inc. $BIDU Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDUFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,365 shares of the information services provider’s stock, valued at approximately $1,234,000.

A number of other institutional investors also recently bought and sold shares of the stock. Binnacle Investments Inc bought a new position in Baidu during the 2nd quarter valued at about $29,000. Winthrop Capital Management LLC purchased a new position in shares of Baidu during the second quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. bought a new position in shares of Baidu during the second quarter valued at approximately $43,000. UMB Bank n.a. grew its stake in shares of Baidu by 65.0% during the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Baidu by 12,400.0% in the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BIDU shares. Barclays upped their price target on shares of Baidu from $100.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, January 26th. Bank of America raised their target price on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Jefferies Financial Group lifted their price target on shares of Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Citigroup reissued a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded Baidu from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.94.

Check Out Our Latest Report on Baidu

Baidu Price Performance

BIDU opened at $137.87 on Thursday. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $165.30. The firm has a market capitalization of $47.63 billion, a PE ratio of 45.80 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.91. The business’s 50-day moving average is $140.73 and its two-hundred day moving average is $124.15.

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About Baidu

(Free Report)

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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