SG Americas Securities LLC Acquires 92,183 Shares of Baidu, Inc. $BIDU

SG Americas Securities LLC boosted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 34.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,502 shares of the information services provider’s stock after acquiring an additional 92,183 shares during the period. SG Americas Securities LLC’s holdings in Baidu were worth $47,495,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Keel Point LLC increased its stake in shares of Baidu by 1.7% during the third 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. Blue Trust Inc. boosted its position in shares of Baidu by 2.0% in the 3rd quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock worth $577,000 after purchasing an additional 85 shares in the last quarter. State of Wyoming grew its stake in shares of Baidu by 13.2% in the 3rd quarter. State of Wyoming now owns 857 shares of the information services provider’s stock worth $113,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Baidu by 11.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after buying an additional 108 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its position in Baidu by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock valued at $391,000 after buying an additional 114 shares in the last quarter.

Analysts Set New Price Targets

BIDU has been the subject of a number of recent research reports. Wall Street Zen cut Baidu from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Susquehanna raised their price target on Baidu from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Jefferies Financial Group lifted their price target on Baidu from $159.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Zacks Research cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Barclays cut 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 equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.89.

Baidu Stock Down 1.7%

BIDU opened at $112.53 on Wednesday. The stock has a market capitalization of $38.87 billion, a price-to-earnings ratio of 70.77 and a beta of 0.32. The firm has a 50 day moving average price of $136.54 and a 200-day moving average price of $129.92. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $165.30. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Baidu Profile

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.