20,000 Shares in Baidu, Inc. $BIDU Acquired by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK has acquired 20,000 shares of Baidu, Inc. valued at approximately $1,715,000, indicating increased institutional interest in the company.
• Baidu's stock recently opened at $142.00 and has a market capitalization of $49.05 billion, with a 52-week range between $74.71 and $145.20.
• Analysts have raised their price targets for Baidu, with Jefferies Financial Group changing their target from $108.00 to $157.00, reflecting a bullish outlook on the stock.

Capital Advisors Inc. OK bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the information services provider's stock, valued at approximately $1,715,000.

A number of other large investors have also bought and sold shares of the business. Joule Financial LLC bought a new stake in Baidu during the 2nd quarter worth approximately $653,000. Bank Hapoalim BM increased its stake in Baidu by 9.5% during the 2nd quarter. Bank Hapoalim BM now owns 42,969 shares of the information services provider's stock worth $3,685,000 after purchasing an additional 3,734 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in Baidu by 36.9% during the 2nd quarter. Greenwood Capital Associates LLC now owns 38,976 shares of the information services provider's stock worth $3,343,000 after acquiring an additional 10,501 shares during the last quarter. Matauro LLC grew its stake in shares of Baidu by 10.5% during the 2nd quarter. Matauro LLC now owns 2,555 shares of the information services provider's stock worth $219,000 after acquiring an additional 242 shares in the last quarter. Finally, Cooper Financial Group bought a new position in shares of Baidu during the 2nd quarter worth approximately $519,000.

Baidu Stock Up 1.3%

BIDU opened at $142.00 on Monday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $145.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $49.05 billion, a P/E ratio of 13.09 and a beta of 0.42. The stock has a fifty day moving average of $105.07 and a 200-day moving average of $93.46.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Baidu from $108.00 to $157.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Citigroup raised their price target on shares of Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. CLSA raised shares of Baidu to a "strong-buy" rating in a research note on Monday, September 22nd. Benchmark decreased their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Finally, Arete Research raised shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 price target for the company in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $122.42.

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.

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