Baidu, Inc. (NASDAQ:BIDU) Stock Holdings Boosted by Cibc World Market Inc.

Cibc World Market Inc. raised its position in shares of Baidu, Inc. (NASDAQ:BIDUGet Rating) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,260 shares of the information services provider’s stock after purchasing an additional 761 shares during the quarter. Cibc World Market Inc.’s holdings in Baidu were worth $931,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Retirement Group LLC boosted its stake in shares of Baidu by 92.0% during the 2nd quarter. Retirement Group LLC now owns 167 shares of the information services provider’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Baidu during the 2nd quarter worth $34,000. Sargent Bickham Lagudis LLC boosted its stake in shares of Baidu by 2,025.0% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 255 shares of the information services provider’s stock worth $38,000 after acquiring an additional 243 shares in the last quarter. Trustcore Financial Services LLC boosted its stake in shares of Baidu by 342.5% during the 1st quarter. Trustcore Financial Services LLC now owns 323 shares of the information services provider’s stock worth $43,000 after acquiring an additional 250 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in shares of Baidu during the 1st quarter worth $52,000. 26.55% of the stock is owned by institutional investors.

Baidu Price Performance

NASDAQ BIDU opened at $95.97 on Monday. Baidu, Inc. has a fifty-two week low of $73.58 and a fifty-two week high of $171.87. The stock’s 50-day moving average is $103.86 and its two-hundred day moving average is $125.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $33.16 billion, a P/E ratio of -16.75, a price-to-earnings-growth ratio of 0.73 and a beta of 0.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BIDU. Macquarie began coverage on Baidu in a research note on Tuesday, August 23rd. They set an “outperform” rating and a $188.00 price objective for the company. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and increased their target price for the company from $160.00 to $200.00 in a report on Wednesday, August 31st. StockNews.com began coverage on Baidu in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Susquehanna reduced their target price on Baidu from $200.00 to $195.00 and set a “positive” rating for the company in a report on Monday, September 12th. Finally, Mizuho reduced their target price on Baidu from $275.00 to $200.00 in a report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.93.

Baidu Profile

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Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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