Kazazian Asset Management LLC bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,595 shares of the information services provider's stock, valued at approximately $1,067,000. Baidu makes up about 0.9% of Kazazian Asset Management LLC's portfolio, making the stock its 20th biggest position.
Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake 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 acquiring an additional 114 shares in 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 acquiring an additional 179 shares in the last quarter. 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 acquiring an additional 192 shares in the last quarter. Investors Research Corp grew its stake in shares of Baidu by 20.5% in the 1st quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after acquiring an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew 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 valued at $156,000 after buying an additional 300 shares during the period.
Analyst Ratings Changes
BIDU has been the subject of several research reports. Benchmark reduced their price target 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. 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 report on Thursday, July 17th. Barclays reduced their price target on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Jefferies Financial Group cut their target price on shares of Baidu from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Finally, Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $105.09.
View Our Latest Report on BIDU
Baidu Price Performance
Shares of Baidu stock traded up $1.51 on Monday, reaching $87.64. The stock had a trading volume of 2,776,516 shares, compared to its average volume of 4,591,063. Baidu, Inc. has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a market cap of $30.28 billion, a P/E ratio of 8.69 and a beta of 0.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.27. The business's 50 day moving average is $86.85 and its two-hundred day moving average is $88.36.
About Baidu
(
Free Report)
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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