Bank Hapoalim BM Has $3.69 Million Position in Baidu, Inc. $BIDU

Key Points

• Bank Hapoalim BM increased its stake in Baidu, Inc. by 9.5% in the 2nd quarter, now holding 42,969 shares valued at approximately $3.69 million.
• Several other investors also expanded their positions in Baidu, with Assetmark Inc. increasing holdings by 143.3% and new investments made by firms including Creakmur Asset Management and CX Institutional.
• Baidu's stock has a current market cap of $49.05 billion and a consensus rating of "Hold" with a price target averaging $122.42 among analysts.

Bank Hapoalim BM grew its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,969 shares of the information services provider's stock after purchasing an additional 3,734 shares during the quarter. Bank Hapoalim BM's holdings in Baidu were worth $3,685,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in shares of Baidu during the first quarter worth approximately $29,000. Assetmark Inc. grew its holdings in Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after buying an additional 192 shares in the last quarter. UMB Bank n.a. grew its holdings in Baidu by 80.3% in the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after buying an additional 179 shares in the last quarter. CX Institutional acquired a new position in Baidu in the 1st quarter valued at $49,000. Finally, Parallel Advisors LLC grew its holdings in Baidu by 17.0% in the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider's stock valued at $80,000 after buying an additional 136 shares in the last quarter.

Baidu Price Performance

Shares of BIDU stock opened at $142.00 on Friday. 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, Inc. has a twelve month low of $74.71 and a twelve month high of $145.20. The company has a market cap of $49.05 billion, a P/E ratio of 13.09 and a beta of 0.42. The business has a fifty day simple moving average of $105.07 and a 200 day simple moving average of $93.50.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BIDU shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Baidu in a report on Saturday, September 27th. Benchmark decreased their price objective on Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Zacks Research raised Baidu from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. Dbs Bank raised Baidu from a "hold" rating to a "buy" rating and upped their price objective for the company from $85.00 to $177.00 in a report on Thursday, September 25th. Finally, Arete Research raised 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $122.42.

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.

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