4,676 Shares in Baidu, Inc. (NASDAQ:BIDU) Purchased by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. purchased a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,676 shares of the information services provider's stock, valued at approximately $430,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Baidu in the fourth quarter valued at approximately $3,497,000. LPL Financial LLC raised its position in Baidu by 5.9% in the fourth quarter. LPL Financial LLC now owns 74,597 shares of the information services provider's stock worth $6,289,000 after acquiring an additional 4,178 shares in the last quarter. Banco BTG Pactual S.A. increased its stake in Baidu by 193.7% in the 4th quarter. Banco BTG Pactual S.A. now owns 18,500 shares of the information services provider's stock worth $1,530,000 after purchasing an additional 12,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Baidu by 21.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,511 shares of the information services provider's stock valued at $2,645,000 after acquiring an additional 5,639 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider's stock valued at $203,213,000 after buying an additional 207,966 shares in the last quarter.

Baidu Stock Performance

Shares of BIDU stock traded down $2.09 during trading on Thursday, hitting $90.99. The company's stock had a trading volume of 3,919,045 shares, compared to its average volume of 3,962,534. The business has a fifty day moving average of $86.73 and a 200-day moving average of $87.94. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The company has a market cap of $31.43 billion, a PE ratio of 9.03 and a beta of 0.33. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BIDU shares. Citigroup boosted their target price on Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Jefferies Financial Group cut their target price on Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Barclays decreased their price objective on Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Finally, Benchmark decreased their price target 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $105.09.

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.