Eaton Financial Holdings Company LLC Takes Position in Baidu, Inc. $BIDU

Key Points

• Eaton Financial Holdings has acquired 3,979 shares of Baidu, Inc. valued at approximately $341,000 during the second quarter, marking a new investment stake.
• Baidu has received mixed analyst ratings, with some firms downgrading the stock to "sell" and others raising price targets, resulting in an average rating of "hold" and a price target of $116.00.
• The stock has shown fluctuations, currently priced at $136.63, with a 52-week low of $74.71 and a high of $141.60.

Eaton Financial Holdings Company LLC bought a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,979 shares of the information services provider's stock, valued at approximately $341,000.

A number of other large investors also recently bought and sold shares of the business. Creekmur Asset Management LLC purchased a new stake in Baidu in the first quarter worth about $29,000. Assetmark Inc. grew its stake in shares of Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock worth $30,000 after buying an additional 192 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Baidu by 80.3% in the 1st 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 last quarter. CX Institutional bought a new position in Baidu during the 1st quarter valued at approximately $49,000. Finally, Parallel Advisors LLC raised its stake in Baidu by 17.0% during the second 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 during the last quarter.

Analyst Ratings Changes

BIDU has been the subject of several analyst reports. Wall Street Zen downgraded Baidu from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Zacks Research raised shares of Baidu from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 16th. Nomura raised their price objective on shares of Baidu from $91.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday. Susquehanna lifted their target price on shares of Baidu from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Finally, Benchmark cut their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $116.00.

Baidu Stock Up 0.9%

NASDAQ BIDU opened at $136.63 on Tuesday. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $141.60. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $47.20 billion, a P/E ratio of 12.59 and a beta of 0.34. The stock's 50-day moving average price is $97.06 and its 200-day moving average price is $91.04.

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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