EverSource Wealth Advisors LLC Buys 555 Shares of Baidu, Inc. (NASDAQ:BIDU)

EverSource Wealth Advisors LLC increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 102.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,098 shares of the information services provider’s stock after acquiring an additional 555 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Baidu were worth $97,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BIDU. Crossmark Global Holdings Inc. lifted its stake in Baidu by 0.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after purchasing an additional 99 shares in the last quarter. Guinness Asset Management LTD lifted its position in shares of Baidu by 4.4% in the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after buying an additional 100 shares in the last quarter. Beacon Financial Group boosted its stake in Baidu by 7.2% during the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after buying an additional 128 shares during the last quarter. Ignite Planners LLC grew its holdings in Baidu by 3.8% during the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after buying an additional 139 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Baidu by 9.0% during the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after buying an additional 171 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BIDU. Benchmark lowered their target price on Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Susquehanna lowered their price target on shares of Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a report on Thursday, September 5th. Finally, Jefferies Financial Group dropped their price target on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Baidu Price Performance

BIDU opened at $102.56 on Friday. The business has a fifty day moving average of $86.26 and a 200 day moving average of $95.11. The stock has a market cap of $35.96 billion, a P/E ratio of 13.73 and a beta of 0.48. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 52-week low of $79.68 and a 52-week high of $136.53.

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.