U.S. Capital Wealth Advisors LLC Buys 5,115 Shares of Baidu, Inc. (NASDAQ:BIDU)

U.S. Capital Wealth Advisors LLC lifted its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 77.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,715 shares of the information services provider's stock after purchasing an additional 5,115 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Baidu were worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Baidu by 0.7% in the first quarter. International Assets Investment Management LLC now owns 16,100 shares of the information services provider's stock worth $1,482,000 after buying an additional 114 shares during the period. UMB Bank n.a. lifted its holdings in Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock worth $37,000 after buying an additional 179 shares during the period. US Bancorp DE lifted its holdings in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock worth $340,000 after buying an additional 270 shares during the period. Investors Research Corp lifted its holdings in Baidu by 20.5% in the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after buying an additional 300 shares during the period. Finally, GeoWealth Management LLC lifted its holdings in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after buying an additional 308 shares during the period.

Analyst Upgrades and Downgrades

BIDU has been the subject of several research analyst reports. Macquarie restated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Citigroup decreased their target price on shares of Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Benchmark decreased their target price on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, Barclays set a $84.00 target price on shares of Baidu and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $107.82.

Baidu Stock Down 1.7%

Shares of BIDU traded down $1.51 on Friday, hitting $86.93. 2,446,302 shares of the stock traded hands, compared to its average volume of 3,987,566. The company has a market capitalization of $30.03 billion, a PE ratio of 8.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 2.29. The business has a 50 day simple moving average of $86.74 and a 200 day simple moving average of $87.66. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25.

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.