Jump Financial LLC Purchases New Holdings in Baidu, Inc. $BIDU

Jump Financial LLC purchased a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,093 shares of the information services provider's stock, valued at approximately $377,000.

A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in shares of Baidu by 0.7% in the first quarter. International Assets Investment Management LLC now owns 16,100 shares of the information services provider's stock valued at $1,482,000 after buying an additional 114 shares in the last quarter. UMB Bank n.a. boosted its position in Baidu by 80.3% during the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock worth $37,000 after purchasing an additional 179 shares in the last quarter. Assetmark Inc. boosted its position in Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock worth $30,000 after purchasing an additional 192 shares in the last quarter. Investors Research Corp boosted its position in Baidu by 20.5% during the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after purchasing an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in Baidu by 21.4% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,700 shares of the information services provider's stock worth $156,000 after purchasing an additional 300 shares in the last quarter.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of research analyst reports. Benchmark decreased their target price on Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Barclays decreased their target price on Baidu from $84.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Wall Street Zen downgraded Baidu from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Finally, Jefferies Financial Group decreased their target price on Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Baidu presently has a consensus rating of "Hold" and a consensus price target of $104.00.

Baidu Stock Up 3.8%

Shares of BIDU stock traded up $3.75 during trading hours on Friday, reaching $101.96. The company had a trading volume of 7,269,151 shares, compared to its average volume of 4,897,577. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a market capitalization of $35.22 billion, a P/E ratio of 9.40 and a beta of 0.34. The stock's fifty day simple moving average is $89.58 and its 200 day simple moving average is $88.58.

About Baidu

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.