Cambridge Investment Research Advisors Inc. Purchases 6,601 Shares of Baidu, Inc. (NASDAQ:BIDU)

Cambridge Investment Research Advisors Inc. lifted its position in Baidu, Inc. (NASDAQ:BIDUFree Report) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,496 shares of the information services provider’s stock after buying an additional 6,601 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Baidu were worth $2,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BIDU. Bruce G. Allen Investments LLC bought a new position in shares of Baidu in the fourth quarter valued at $25,000. Headinvest LLC bought a new position in shares of Baidu in the third quarter valued at $36,000. FNY Investment Advisers LLC bought a new position in shares of Baidu in the fourth quarter valued at $42,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Baidu in the fourth quarter valued at $48,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Baidu by 33.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,043 shares of the information services provider’s stock valued at $123,000 after buying an additional 264 shares in the last quarter.

Baidu Stock Down 1.7 %

BIDU stock opened at $97.20 on Monday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.08 billion, a PE ratio of 13.01 and a beta of 0.68. Baidu, Inc. has a 52 week low of $94.25 and a 52 week high of $156.98. The business has a 50-day simple moving average of $104.11 and a 200 day simple moving average of $107.79.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley cut shares of Baidu from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $140.00 to $125.00 in a research note on Friday, May 17th. Citigroup reduced their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Barclays reduced their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Baidu in a research report on Friday, May 17th. Finally, StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Baidu has an average rating of “Moderate Buy” and an average price target of $160.93.

Get Our Latest Research Report on Baidu

Baidu Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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