Cantor Fitzgerald L. P. Buys 375,145 Shares of Baidu, Inc. (NASDAQ:BIDU)

Cantor Fitzgerald L. P. grew its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 1,510.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 399,975 shares of the information services provider's stock after purchasing an additional 375,145 shares during the quarter. Baidu accounts for about 0.7% of Cantor Fitzgerald L. P.'s holdings, making the stock its 7th biggest holding. Cantor Fitzgerald L. P. owned about 0.11% of Baidu worth $33,722,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of Baidu in the 4th quarter valued at approximately $42,000. Sycomore Asset Management purchased a new position in Baidu in the fourth quarter valued at $51,000. GeoWealth Management LLC raised its stake in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares in the last quarter. Retireful LLC purchased a new stake in Baidu during the 4th quarter worth about $205,000. Finally, Savvy Advisors Inc. acquired a new position in shares of Baidu during the 4th quarter worth about $232,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BIDU shares. Barclays cut their price objective on shares of Baidu from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Mizuho raised their price target on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Baidu presently has a consensus rating of "Hold" and an average price target of $110.83.

Baidu Stock Performance

BIDU traded down $4.53 during trading on Wednesday, reaching $86.70. The company's stock had a trading volume of 5,225,299 shares, compared to its average volume of 4,114,891. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. The company's fifty day moving average price is $89.24 and its 200-day moving average price is $88.10. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.