Quadrant Capital Group LLC Boosts Holdings in Baidu, Inc. (NASDAQ:BIDU)

Quadrant Capital Group LLC boosted its position in Baidu, Inc. (NASDAQ:BIDU) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,832 shares of the information services provider’s stock after buying an additional 519 shares during the period. Quadrant Capital Group LLC’s holdings in Baidu were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in Baidu by 4.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider’s stock valued at $289,000 after buying an additional 75 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Baidu by 4.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,761 shares of the information services provider’s stock worth $241,000 after purchasing an additional 83 shares in the last quarter. CWM LLC boosted its position in shares of Baidu by 5.2% during the 1st quarter. CWM LLC now owns 1,763 shares of the information services provider’s stock worth $266,000 after purchasing an additional 87 shares in the last quarter. United Capital Financial Advisers LLC boosted its position 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Baidu by 3.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider’s stock worth $398,000 after purchasing an additional 90 shares in the last quarter. 21.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BIDU shares. JPMorgan Chase & Co. decreased their target price on shares of Baidu from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, October 19th. Bank of America decreased their target price on shares of Baidu from $228.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Mizuho restated a “buy” rating and set a $170.00 target price on shares of Baidu in a research report on Wednesday, August 23rd. Loop Capital decreased their price objective on shares of Baidu from $215.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, August 29th. Finally, Susquehanna reiterated a “positive” rating and issued a $175.00 price objective on shares of Baidu in a research report on Thursday, August 31st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Baidu presently has an average rating of “Buy” and a consensus target price of $183.81.

Baidu Trading Down 1.1 %

Shares of BIDU stock opened at $108.10 on Friday. The firm has a 50-day moving average price of $120.95 and a 200 day moving average price of $131.57. Baidu, Inc. has a twelve month low of $91.88 and a twelve month high of $160.88. The company has a market capitalization of $37.35 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.31 and a beta of 0.73. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.25.

About Baidu

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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.