6,910 Shares in Baidu, Inc. (NASDAQ:BIDU) Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,910 shares of the information services provider's stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its stake in shares of Baidu by 5.5% in the first quarter. Crossmark Global Holdings Inc. now owns 16,786 shares of the information services provider's stock valued at $1,545,000 after acquiring an additional 873 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Baidu by 77.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,715 shares of the information services provider's stock valued at $1,078,000 after purchasing an additional 5,115 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Baidu by 41.0% during the 1st quarter. Penserra Capital Management LLC now owns 182,966 shares of the information services provider's stock valued at $16,838,000 after purchasing an additional 53,219 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Baidu in the 1st quarter valued at $1,279,000. Finally, Silver Oak Securities Incorporated acquired a new position in Baidu in the first quarter worth $97,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BIDU. Macquarie restated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Benchmark decreased their price objective on shares of Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Barclays set a $84.00 target price on shares of Baidu and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Citigroup reduced their target price on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $107.82.

Baidu Trading Up 4.0%

NASDAQ BIDU opened at $89.79 on Tuesday. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The stock has a 50-day simple moving average of $86.76 and a 200 day simple moving average of $87.65. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $31.02 billion, a PE ratio of 8.91 and a beta of 0.33.

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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