1,836 Shares in Baidu, Inc. (NASDAQ:BIDU) Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new position in Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,836 shares of the information services provider’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC boosted its holdings in Baidu by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock worth $255,000 after purchasing an additional 113 shares during the period. Financial Counselors Inc. boosted its holdings in Baidu by 8.9% in the third quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after purchasing an additional 140 shares during the period. Ignite Planners LLC boosted its holdings in Baidu by 4.9% in the fourth quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock worth $421,000 after purchasing an additional 171 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Baidu by 5.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after purchasing an additional 195 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Baidu by 14.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the information services provider’s stock worth $186,000 after purchasing an additional 201 shares during the period.

Baidu Stock Performance

BIDU stock opened at $110.87 on Friday. The company has a market capitalization of $38.88 billion, a P/E ratio of 14.36 and a beta of 0.68. The company has a 50-day simple moving average of $103.34 and a 200 day simple moving average of $108.12. Baidu, Inc. has a fifty-two week low of $94.25 and a fifty-two week high of $156.98. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research reports. HSBC decreased their price objective on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Benchmark reduced their price target on shares of Baidu from $210.00 to $180.00 and set a “buy” rating for the company in a report on Monday. Citigroup reduced their price target on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, Barclays reduced their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

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.