Baidu, Inc. (NASDAQ:BIDU) Stock Holdings Lifted by Creative Planning

Creative Planning lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 84.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,078 shares of the information services provider’s stock after acquiring an additional 22,020 shares during the quarter. Creative Planning’s holdings in Baidu were worth $4,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BIDU. Crewe Advisors LLC purchased a new position in shares of Baidu during the first quarter valued at $31,000. iA Global Asset Management Inc. acquired a new position in shares of Baidu in the second quarter worth $52,000. Silicon Valley Capital Partners purchased a new stake in shares of Baidu during the first quarter worth $53,000. Accent Capital Management LLC acquired a new position in Baidu in the 4th quarter worth about $66,000. Finally, Denver PWM LLC acquired a new stake in Baidu in the second quarter valued at approximately $67,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on BIDU shares. Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Loop Capital dropped their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Barclays decreased their price objective on shares of Baidu from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Tuesday, September 24th. Seven 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.13.

Baidu Trading Up 1.1 %

Shares of BIDU opened at $110.46 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a market cap of $38.73 billion, a PE ratio of 14.79 and a beta of 0.49. Baidu, Inc. has a 1 year low of $79.68 and a 1 year high of $135.85. The stock has a 50 day simple moving average of $88.84 and a 200-day simple moving average of $95.35.

Baidu Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. 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.