Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Brinker Capital Investments LLC

Brinker Capital Investments LLC lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 10.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,266 shares of the information services provider’s stock after purchasing an additional 713 shares during the quarter. Brinker Capital Investments LLC’s holdings in Baidu were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in shares of Baidu by 4.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider’s stock worth $289,000 after purchasing an additional 75 shares during the last quarter. Retirement Group LLC boosted its holdings 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 purchasing an additional 80 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Baidu by 2.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider’s stock worth $459,000 after purchasing an additional 88 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Baidu by 3.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,102 shares of the information services provider’s stock valued at $469,000 after acquiring an additional 90 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Baidu by 1.6% in the second quarter. Oppenheimer & Co. Inc. now owns 6,447 shares of the information services provider’s stock valued at $959,000 after acquiring an additional 100 shares during the last quarter. 23.06% of the stock is currently owned by institutional investors and hedge funds.

Baidu Stock Up 5.9 %

Baidu stock opened at $135.75 on Monday. Baidu, Inc. has a twelve month low of $73.58 and a twelve month high of $171.87. The stock’s fifty day simple moving average is $115.08 and its 200-day simple moving average is $119.96. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $46.91 billion, a P/E ratio of 83.28, a P/E/G ratio of 0.68 and a beta of 0.64.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BIDU shares. Benchmark decreased their price objective on Baidu from $270.00 to $200.00 in a report on Wednesday, November 23rd. Mizuho decreased their price objective on Baidu from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, November 23rd. Susquehanna Bancshares decreased their price objective on Baidu from $195.00 to $150.00 in a report on Wednesday, December 14th. Loop Capital decreased their price objective on Baidu from $185.00 to $167.00 in a report on Tuesday, December 6th. Finally, Jefferies Financial Group decreased their price objective on Baidu from $217.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and a consensus price target of $177.28.

Baidu Profile

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.