Baidu, Inc. (NASDAQ:BIDU) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 147.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 381,456 shares of the information services provider’s stock after acquiring an additional 227,338 shares during the period. SG Americas Securities LLC’s holdings in Baidu were worth $32,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Grove Bank & Trust raised its position in shares of Baidu by 21.6% during the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after acquiring an additional 130 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after acquiring an additional 140 shares in the last quarter. Denver PWM LLC raised its position in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC raised its position in shares of Baidu by 1.5% during the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after acquiring an additional 250 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Baidu by 6.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock worth $586,000 after acquiring an additional 357 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Barclays downgraded Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. Citigroup dropped their price target on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $113.75.

Baidu Trading Down 0.8 %

Shares of BIDU stock opened at $83.00 on Thursday. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25. The company has a market capitalization of $29.10 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.46. The business’s 50 day moving average is $84.98 and its two-hundred day moving average is $88.93. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

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.