Capital Investment Counsel Inc Buys Shares of 3,705 Baidu, Inc. (NASDAQ:BIDU)

Capital Investment Counsel Inc acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,705 shares of the information services provider's stock, valued at approximately $341,000.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Baidu by 80.3% during the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock worth $37,000 after purchasing an additional 179 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in Baidu during the fourth quarter worth about $42,000. CX Institutional bought a new stake in shares of Baidu in the 1st quarter valued at about $49,000. GeoWealth Management LLC lifted its stake in shares of Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the last quarter. Finally, Investors Research Corp lifted its stake in shares of Baidu by 20.5% in the 1st quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock valued at $162,000 after acquiring an additional 300 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BIDU. Barclays set a $84.00 price target on Baidu and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Citigroup reduced their price target on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Benchmark lowered their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $107.82.

Baidu Stock Performance

Shares of BIDU stock traded down $0.08 during midday trading on Friday, hitting $86.37. The company had a trading volume of 1,167,623 shares, compared to its average volume of 4,089,671. The stock has a market cap of $29.83 billion, a price-to-earnings ratio of 8.57 and a beta of 0.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. The company's 50 day simple moving average is $86.86 and its 200 day simple moving average is $87.64. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $116.25.

Baidu Company 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.