Ballentine Partners LLC Buys Shares of 2,726 Baidu, Inc. $BIDU

Key Points

• Ballentine Partners LLC has acquired a new position with **2,726 shares** of Baidu, Inc. worth approximately **$234,000** in Q2.
• Several analysts have recently reassessed Baidu's stock, with **Arete Research** upgrading it to a "buy" rating and setting a target price of **$143.00**.
• Baidu's stock has shown significant volatility, with a **12-month low of $74.71** and a high of **$141.60**, reflecting a market capitalization of **$46.59 billion**.

Ballentine Partners LLC purchased a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,726 shares of the information services provider's stock, valued at approximately $234,000.

A number of other institutional investors also recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new stake in shares of Baidu in the 1st quarter worth approximately $29,000. Assetmark Inc. raised its holdings in shares of Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock worth $30,000 after purchasing an additional 192 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Baidu by 80.3% in the 1st 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 in the last quarter. CX Institutional bought a new stake in shares of Baidu in the 1st quarter worth approximately $49,000. Finally, Parallel Advisors LLC raised its holdings in shares of Baidu by 17.0% in the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider's stock worth $80,000 after purchasing an additional 136 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on BIDU shares. Arete Research upgraded shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 target price on the stock in a report on Tuesday, September 16th. Benchmark cut their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Dbs Bank upgraded shares of Baidu from a "hold" rating to a "buy" rating and boosted their price target for the company from $85.00 to $177.00 in a report on Thursday, September 25th. Zacks Research upgraded shares of Baidu from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. Finally, Susquehanna boosted their price target on shares of Baidu from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $122.42.

Baidu Stock Performance

Shares of BIDU opened at $134.86 on Tuesday. The company's fifty day moving average is $101.39 and its 200-day moving average is $92.38. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $141.60. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of 12.43 and a beta of 0.34. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

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.

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