Atomi Financial Group Inc. Buys 950 Shares of Baidu, Inc. (NASDAQ:BIDU)

Atomi Financial Group Inc. boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 45.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,026 shares of the information services provider’s stock after purchasing an additional 950 shares during the period. Atomi Financial Group Inc.’s holdings in Baidu were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Baidu during the 3rd quarter valued at about $1,054,000. Fred Alger Management LLC purchased a new position in Baidu during the 3rd quarter valued at about $790,000. World Investment Advisors LLC purchased a new position in Baidu during the 3rd quarter valued at about $72,000. Handelsbanken Fonder AB increased its position in Baidu by 8.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock valued at $19,249,000 after purchasing an additional 15,000 shares during the period. Finally, Maple Rock Capital Partners Inc. purchased a new position in Baidu during the 3rd quarter valued at about $42,748,000.

Analyst Ratings Changes

BIDU has been the topic of a number of research reports. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Baidu in a research report on Friday. Citigroup cut their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and cut their target price for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Mizuho cut their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.75.

Baidu Stock Up 4.6 %

BIDU stock opened at $86.40 on Monday. The firm has a 50 day moving average of $84.95 and a 200 day moving average of $88.79. The stock has a market capitalization of $30.30 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.90 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu, Inc. has a 52 week low of $77.19 and a 52 week high of $116.25.

About Baidu

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.