Bank Hapoalim BM Raises Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Bank Hapoalim BM boosted its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 63.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,235 shares of the information services provider's stock after buying 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.

Several other institutional investors have also bought and sold shares of BIDU. International Assets Investment Management LLC boosted its position in shares of Baidu by 0.7% during 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. boosted its position in shares of Baidu by 80.3% during 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 boosted its position in shares of Baidu by 7.2% during 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 boosted its position in Baidu by 20.5% during the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock valued at $162,000 after purchasing an additional 300 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after purchasing an additional 308 shares during the last quarter.

Baidu Trading Down 1.8%

Shares of NASDAQ:BIDU traded down $1.62 during trading on Wednesday, reaching $88.66. The company's stock had a trading volume of 2,305,550 shares, compared to its average volume of 4,069,659. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.27. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The firm's 50 day simple moving average is $86.78 and its two-hundred day simple moving average is $87.66. The stock has a market capitalization of $30.63 billion, a PE ratio of 8.80 and a beta of 0.33.

Analyst Ratings Changes

BIDU has been the subject of several recent research reports. Benchmark reduced their price target on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Barclays set a $84.00 price target on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Macquarie reissued a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Finally, Citigroup dropped their price objective on Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.