ABN AMRO Bank N.V. Buys Shares of 2,709 Baidu, Inc. $BIDU

ABN AMRO Bank N.V. bought a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,709 shares of the information services provider’s stock, valued at approximately $233,000.

Several other large investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in Baidu in the second quarter valued at approximately $80,618,000. Triata Capital Ltd increased its stake in shares of Baidu by 193.9% in the 1st quarter. Triata Capital Ltd now owns 568,432 shares of the information services provider’s stock valued at $52,313,000 after purchasing an additional 375,007 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in shares of Baidu by 41.7% in the 1st quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock valued at $71,556,000 after purchasing an additional 228,623 shares during the last quarter. GMT Capital Corp raised its holdings in shares of Baidu by 43.2% during the 1st quarter. GMT Capital Corp now owns 591,427 shares of the information services provider’s stock worth $54,429,000 after buying an additional 178,300 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Baidu by 1.4% during the 2nd quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock worth $1,039,132,000 after buying an additional 170,414 shares during the last quarter.

Baidu Stock Up 0.5%

Shares of NASDAQ:BIDU opened at $110.95 on Friday. The firm has a market cap of $38.33 billion, a P/E ratio of 10.23 and a beta of 0.43. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $149.51. The business has a fifty day simple moving average of $126.54 and a 200 day simple moving average of $102.29. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BIDU shares. Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Jefferies Financial Group lifted their price target on shares of Baidu from $108.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Zephirin Group assumed coverage on shares of Baidu in a research report on Monday, September 15th. They set a “sell” rating and a $92.00 price objective for the company. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America boosted their target price on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and a consensus target price of $137.11.

Baidu Company 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.