20,320 Shares in Baidu, Inc. (NASDAQ:BIDU) Bought by Fluent Financial LLC

Fluent Financial LLC acquired a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,320 shares of the information services provider's stock, valued at approximately $1,870,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC bought a new stake in shares of Baidu during the 4th quarter worth $42,000. Sycomore Asset Management bought a new stake in Baidu in the fourth quarter worth about $51,000. GeoWealth Management LLC raised its position in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares during the period. Investors Research Corp boosted its stake in Baidu by 20.5% in the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock valued at $162,000 after acquiring an additional 300 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in shares of Baidu during the 4th quarter valued at approximately $232,000.

Baidu Price Performance

Shares of BIDU traded up $0.97 during midday trading on Thursday, hitting $85.86. 3,269,457 shares of the company traded hands, compared to its average volume of 4,147,145. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25. The firm has a market cap of $29.66 billion, a P/E ratio of 9.36, a PEG ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock has a 50-day moving average of $85.99 and a 200-day moving average of $87.65.

Wall Street Analysts Forecast Growth

BIDU has been the topic of a number of research reports. Nomura cut shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Benchmark decreased their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Baidu currently has an average 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.