SG Americas Securities LLC Has $42.27 Million Stock Position in Baidu, Inc. (NASDAQ:BIDU)

SG Americas Securities LLC boosted its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 459,260 shares of the information services provider's stock after buying an additional 77,804 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of Baidu worth $42,266,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BIDU. Dodge & Cox lifted its position in shares of Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock worth $498,796,000 after purchasing an additional 22,000 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in 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 during the last quarter. Appaloosa LP lifted its position in Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider's stock worth $128,818,000 after buying an additional 102,909 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Baidu by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock valued at $113,845,000 after acquiring an additional 4,236 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its position in shares of Baidu by 2.0% in the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock valued at $106,399,000 after acquiring an additional 25,220 shares during the last quarter.

Baidu Stock Performance

Shares of Baidu stock traded up $0.26 during trading on Thursday, reaching $87.81. The company's stock had a trading volume of 1,762,835 shares, compared to its average volume of 4,128,370. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The business's 50-day moving average price is $85.74 and its 200-day moving average price is $87.75. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The firm has a market cap of $30.33 billion, a PE ratio of 9.58, a P/E/G ratio of 2.96 and a beta of 0.33.

Analysts Set New Price Targets

A number of research firms have weighed in on BIDU. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark lowered their target price 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. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Citigroup dropped their target price on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Barclays set a $84.00 price target on Baidu and gave the stock an "equal weight" rating in a report 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $107.82.

About Baidu

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.