Bank Hapoalim BM Buys 15,242 Shares of Baidu, Inc. (NASDAQ:BIDU)

Bank Hapoalim BM boosted its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 63.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,235 shares of the information services provider's stock after acquiring an additional 15,242 shares during the quarter. Bank Hapoalim BM's holdings in Baidu were worth $3,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position 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 acquiring an additional 179 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in Baidu during the 4th quarter valued at $42,000. CX Institutional purchased a new stake in Baidu during the 1st quarter valued at $49,000. GeoWealth Management LLC raised its stake in Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in Baidu during the 1st quarter valued at $97,000.

Baidu Stock Performance

Shares of NASDAQ:BIDU traded down $1.51 during midday trading on Friday, hitting $86.93. The company had a trading volume of 2,446,302 shares, compared to its average volume of 3,987,566. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 8.62 and a beta of 0.33. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $116.25. The company has a fifty day moving average of $86.74 and a two-hundred day moving average of $87.66.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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. 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. Macquarie reiterated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Baidu has a consensus rating of "Hold" and a consensus price target of $107.82.

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.