Clear Street Group Inc. Invests $731,000 in Baidu, Inc. $BIDU

Clear Street Group Inc. purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, Holdings Channel reports. The fund purchased 5,591 shares of the information services provider’s stock, valued at approximately $731,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIDU. Quadrant Capital Group LLC lifted its holdings in Baidu by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after acquiring an additional 73 shares during the period. Keel Point LLC increased its holdings in shares of Baidu by 1.7% in the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after purchasing an additional 84 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Baidu by 5.7% in the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after purchasing an additional 88 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Baidu by 25.9% in the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 88 shares during the period. Finally, Signaturefd LLC boosted its holdings in Baidu by 8.4% during the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after buying an additional 99 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on BIDU shares. Morgan Stanley increased their target price on shares of Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Susquehanna upped their price target on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. BNP Paribas Exane began coverage on Baidu in a report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price objective for the company. Zacks Research downgraded Baidu from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Barclays decreased their price objective on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Baidu has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Stock Up 0.8%

BIDU opened at $116.75 on Tuesday. The firm has a market cap of $39.72 billion, a P/E ratio of -972.84, a PEG ratio of 1.98 and a beta of 0.54. The business’s fifty day simple moving average is $126.80 and its 200 day simple moving average is $129.91. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22.

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.