Banque Cantonale Vaudoise lifted its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 260.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,467 shares of the information services provider's stock after acquiring an additional 8,285 shares during the period. Banque Cantonale Vaudoise's holdings in Baidu were worth $1,207,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in Baidu in the 1st quarter valued at $209,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Baidu by 96.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 36,602 shares of the information services provider's stock worth $3,969,000 after buying an additional 17,994 shares during the period. Pitcairn Co. acquired a new stake in shares of Baidu in the first quarter valued at about $535,000. Natixis raised its holdings in shares of Baidu by 373.8% during the 1st quarter. Natixis now owns 26,393 shares of the information services provider's stock valued at $2,779,000 after buying an additional 20,822 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in Baidu in the first quarter valued at approximately $31,000.
BIDU has been the subject of a number of analyst reports. HSBC cut shares of Baidu from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research report on Tuesday, September 24th. Loop Capital cut their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, August 26th. Dbs Bank lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 3rd. Bank of America cut their target price on shares of Baidu from $128.00 to $117.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Finally, Sanford C. Bernstein downgraded Baidu from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $130.00 to $97.00 in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.29.
Read Our Latest Analysis on BIDU
BIDU stock opened at $86.75 on Thursday. The stock has a market cap of $30.42 billion, a PE ratio of 11.43 and a beta of 0.51. The firm's 50-day simple moving average is $93.81 and its 200 day simple moving average is $92.97. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23. 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 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.
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