15,334 Shares in Baidu, Inc. $BIDU Acquired by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors opened a new position in Baidu by buying 15,334 shares in the fourth quarter, valued at approximately $2,004,000.
• Baidu shares opened at $108.41 and are trading below their 50-day (~$124.94) and 200-day (~$128.83) moving averages, with a market capitalization of about $36.89 billion and a P/E of 68.18.
• Analysts have a consensus rating of "Moderate Buy" for BIDU with an average price target of $158.05, though individual firms range from strong buy to sell (BNP Paribas Exane started coverage at "outperform" with a $161 target while Barclays cut its target to $128 and set an "equal weight").

Prime Capital Investment Advisors LLC bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,334 shares of the information services provider's stock, valued at approximately $2,004,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Baidu during the 1st quarter worth $334,000. EverSource Wealth Advisors LLC raised its holdings in Baidu by 71.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider's stock worth $101,000 after acquiring an additional 493 shares during the period. Guggenheim Capital LLC raised its holdings in Baidu by 53.3% in the 2nd quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider's stock worth $829,000 after acquiring an additional 3,362 shares during the period. First Trust Advisors LP lifted its position in Baidu by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider's stock worth $4,291,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Baidu during the second quarter valued at about $254,000.

Baidu Trading Up 0.2%

Shares of BIDU opened at $108.41 on Friday. The stock's 50-day moving average price is $124.94 and its 200 day moving average price is $128.83. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 68.18 and a beta of 0.44. Baidu, Inc. has a 12-month low of $79.13 and a 12-month high of $165.30.

Wall Street Analyst Weigh In

BIDU has been the topic of several research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Baidu in a research report on Tuesday, January 13th. Wall Street Zen upgraded Baidu from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. BNP Paribas Exane started coverage on Baidu in a research report on Wednesday, April 1st. They issued an "outperform" rating and a $161.00 price target on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Baidu in a research report on Monday, December 29th. Finally, Barclays lowered their price objective on shares of Baidu from $147.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $158.05.

About Baidu

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.

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