International Assets Investment Management LLC Buys 2,271 Shares of Baidu, Inc. (NASDAQ:BIDU)

International Assets Investment Management LLC increased its stake in Baidu, Inc. (NASDAQ:BIDU) by 34.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,801 shares of the information services provider’s stock after purchasing an additional 2,271 shares during the period. International Assets Investment Management LLC’s holdings in Baidu were worth $761,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIDU. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $186,000 after acquiring an additional 201 shares during the last quarter. New York State Common Retirement Fund grew its position in Baidu by 20.0% in the fourth quarter. New York State Common Retirement Fund now owns 58,877 shares of the information services provider’s stock valued at $7,012,000 after acquiring an additional 9,800 shares during the last quarter. Truist Financial Corp grew its position in Baidu by 14.3% in the fourth quarter. Truist Financial Corp now owns 9,749 shares of the information services provider’s stock valued at $1,161,000 after acquiring an additional 1,222 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Baidu by 28.1% during the fourth quarter. Van ECK Associates Corp now owns 53,137 shares of the information services provider’s stock worth $6,328,000 after purchasing an additional 11,669 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Baidu during the fourth quarter worth about $219,000.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $84.62 on Friday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu, Inc. has a twelve month low of $79.68 and a twelve month high of $151.00. The stock’s 50 day moving average is $88.38 and its 200-day moving average is $97.63. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 11.33 and a beta of 0.49.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BIDU shares. Benchmark reduced their price target on Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Susquehanna reduced their price target on Baidu from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Friday, May 24th. Macquarie cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Jefferies Financial Group cut their price objective on Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Mizuho cut their price objective on Baidu from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average target price of $137.13.

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.