Baldwin Wealth Partners LLC MA Acquires Shares of 12,643 Baidu, Inc. $BIDU

Baldwin Wealth Partners LLC MA acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,643 shares of the information services provider’s stock, valued at approximately $1,666,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Binnacle Investments Inc acquired a new stake in shares of Baidu during the second quarter worth approximately $29,000. Winthrop Capital Management LLC acquired a new stake in Baidu in the second quarter valued at $39,000. Mizuho Securities Co. Ltd. bought a new position in Baidu during the 2nd quarter valued at $43,000. CX Institutional grew its holdings in Baidu by 34.1% during the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Baidu by 127.6% in the 2nd quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock worth $64,000 after purchasing an additional 416 shares during the last quarter.

Analysts Set New Price Targets

BIDU has been the topic of a number of research analyst reports. National Bankshares raised Baidu to an “outperform” rating in a report on Monday, November 24th. Barclays upped their price target on Baidu from $81.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Jefferies Financial Group raised their price objective on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Baidu in a report on Monday, December 15th. Finally, Dbs Bank raised shares of Baidu from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $177.00 in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.11.

Baidu Stock Performance

BIDU stock opened at $123.82 on Monday. The company has a 50-day simple moving average of $121.57 and a 200 day simple moving average of $107.36. The company has a market capitalization of $42.77 billion, a P/E ratio of 41.14 and a beta of 0.44. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $149.51.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.