Flow Traders U.S. LLC Acquires Shares of 3,494 Baidu, Inc. (NASDAQ:BIDU)

Flow Traders U.S. LLC purchased a new position in Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,494 shares of the information services provider’s stock, valued at approximately $368,000.

A number of other large investors also recently bought and sold shares of the business. iA Global Asset Management Inc. bought a new position in shares of Baidu during the second quarter valued at $52,000. Denver PWM LLC purchased a new position in Baidu in the second quarter worth about $67,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after buying an additional 593 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu during the third quarter valued at approximately $82,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on BIDU. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital decreased their target price on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Jefferies Financial Group decreased their price objective on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Mizuho decreased their target price on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Up 1.3 %

BIDU stock opened at $85.74 on Friday. Baidu, Inc. has a 1-year low of $78.95 and a 1-year high of $120.25. The business has a 50 day simple moving average of $92.83 and a two-hundred day simple moving average of $91.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market capitalization of $30.06 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.13 and a beta of 0.46.

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.