Blair William & Co. IL Grows Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Key Points

• Blair William & Co. IL increased its holdings in Baidu, Inc. by 13.4% during Q1, bringing their total ownership to 30,359 shares valued at approximately $2,794,000.
• Several institutional investors have also adjusted their positions in Baidu, with US Bancorp DE significantly increasing their stake by 76.2% in the same quarter.
• Wall Street analysts have mixed sentiments on Baidu, with an average rating of "Hold" and various price target adjustments, including Citigroup raising theirs from $138.00 to $140.00.

Blair William & Co. IL raised its holdings in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,359 shares of the information services provider's stock after purchasing an additional 3,580 shares during the quarter. Blair William & Co. IL's holdings in Baidu were worth $2,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BIDU. DCF Advisers LLC raised its position in shares of Baidu by 9.9% during the 1st quarter. DCF Advisers LLC now owns 52,500 shares of the information services provider's stock valued at $4,832,000 after buying an additional 4,750 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Baidu by 5.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 9,126 shares of the information services provider's stock worth $898,000 after acquiring an additional 469 shares during the last quarter. Kazazian Asset Management LLC purchased a new stake in Baidu during the first quarter valued at approximately $1,067,000. Alberta Investment Management Corp lifted its stake in shares of Baidu by 9.0% in the 1st quarter. Alberta Investment Management Corp now owns 129,179 shares of the information services provider's stock valued at $11,888,000 after purchasing an additional 10,697 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Baidu by 76.2% in the 1st quarter. US Bancorp DE now owns 7,110 shares of the information services provider's stock valued at $654,000 after purchasing an additional 3,074 shares during the last quarter.

Wall Street Analyst Weigh In

BIDU has been the topic of several analyst reports. Citigroup boosted their target price on Baidu from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Barclays lowered their target price on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Benchmark dropped their price target 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. Finally, Jefferies Financial Group cut their price target on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Baidu currently has an average rating of "Hold" and an average price target of $105.09.

Baidu Stock Up 0.8%

NASDAQ:BIDU opened at $87.47 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The company has a 50-day moving average of $87.03 and a 200 day moving average of $88.37. The firm has a market cap of $30.22 billion, a PE ratio of 8.68 and a beta of 0.34.

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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