Fox Run Management L.L.C. Buys Shares of 13,502 Baidu, Inc. $BIDU

Key Points

• Fox Run Management L.L.C. acquired 13,502 shares of Baidu, Inc., valued at approximately $1,243,000, in the first quarter of the year.
• Several institutional investors, including Creekmur Asset Management LLC and Assetmark Inc., have also made recent investments, reflecting growing interest in Baidu's stock.
• Analyst ratings for Baidu show a mixture of buy and hold recommendations, with the average price target currently at $105.09.

Fox Run Management L.L.C. bought a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,502 shares of the information services provider's stock, valued at approximately $1,243,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Baidu by 0.7% in the 1st quarter. International Assets Investment Management LLC now owns 16,100 shares of the information services provider's stock worth $1,482,000 after purchasing an additional 114 shares during the last quarter. UMB Bank n.a. lifted its position in Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after purchasing an additional 179 shares during the period. Assetmark Inc. lifted its position in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after purchasing an additional 192 shares during the period. Investors Research Corp lifted its position in Baidu by 20.5% during the 1st 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 period. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Baidu by 21.4% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,700 shares of the information services provider's stock valued at $156,000 after acquiring an additional 300 shares during the period.

Baidu Trading Down 2.9%

Baidu stock traded down $2.5810 during mid-day trading on Wednesday, hitting $86.4890. 6,172,201 shares of the stock were exchanged, compared to its average volume of 4,377,813. The company has a quick ratio of 2.29, a current 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 fifty day simple moving average is $87.67 and its two-hundred day simple moving average is $88.45. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 8.54 and a beta of 0.34.

Wall Street Analysts Forecast Growth

BIDU has been the subject of a number of research reports. Barclays lowered their target price on Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Jefferies Financial Group dropped their price target on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Citigroup increased their price target on shares of Baidu from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Finally, Benchmark reduced their price objective on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $105.09.

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.