Cooper Financial Group Purchases Shares of 6,049 Baidu, Inc. $BIDU

Key Points

• Cooper Financial Group has acquired 6,049 shares of Baidu, Inc., valued at approximately $519,000, during the second quarter of the year.
• Several institutional investors have also adjusted their positions, with notable increases including CX Institutional raising their stake by 34.1% and Silver Oak Securities increasing by 174.8%.
• Analysts have mixed views on Baidu's stock, with a consensus rating of "Hold" and an average target price of $122.42, following upgrades and downgrades from various research firms.

Cooper Financial Group acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,049 shares of the information services provider's stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CX Institutional raised its position in shares of Baidu by 34.1% during the 2nd quarter. CX Institutional now owns 715 shares of the information services provider's stock valued at $61,000 after buying an additional 182 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Baidu during the 2nd quarter valued at $234,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of Baidu during the 2nd quarter valued at $341,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Baidu by 41.8% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 16,615 shares of the information services provider's stock valued at $1,425,000 after buying an additional 4,900 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its position in shares of Baidu by 174.8% during the 2nd quarter. Silver Oak Securities Incorporated now owns 2,855 shares of the information services provider's stock valued at $245,000 after buying an additional 1,816 shares in the last quarter.

Baidu Trading Up 4.3%

NASDAQ:BIDU opened at $137.44 on Thursday. Baidu, Inc. has a one year low of $74.71 and a one year high of $141.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. The company's 50-day simple moving average is $103.06 and its 200 day simple moving average is $92.97. The firm has a market capitalization of $47.48 billion, a P/E ratio of 12.67 and a beta of 0.41.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Arete upgraded shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 price objective on the stock in a research report on Tuesday, September 16th. Zephirin Group initiated coverage on shares of Baidu in a research report on Monday, September 15th. They issued a "sell" rating and a $92.00 target price on the stock. Zacks Research upgraded shares of Baidu from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 16th. Susquehanna lifted their target price on shares of Baidu from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Nomura lifted their target price on shares of Baidu from $91.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $122.42.

Baidu 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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