Prospect Financial Services LLC Buys 13,266 Shares of Baidu, Inc. (NASDAQ:BIDU)

Prospect Financial Services LLC increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 139.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,776 shares of the information services provider's stock after buying an additional 13,266 shares during the period. Baidu accounts for about 1.2% of Prospect Financial Services LLC's portfolio, making the stock its 25th largest holding. Prospect Financial Services LLC's holdings in Baidu were worth $2,096,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Baidu during the fourth quarter worth approximately $556,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares during the period. Bleakley Financial Group LLC grew its holdings in Baidu by 45.4% in the 4th quarter. Bleakley Financial Group LLC now owns 5,873 shares of the information services provider's stock valued at $495,000 after buying an additional 1,835 shares in the last quarter. WCM Investment Management LLC grew its holdings in Baidu by 81.4% in the 4th quarter. WCM Investment Management LLC now owns 13,666 shares of the information services provider's stock valued at $1,149,000 after buying an additional 6,132 shares in the last quarter. Finally, Sycomore Asset Management acquired a new stake in shares of Baidu during the fourth quarter worth $51,000.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup decreased their price target on shares of Baidu from $139.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Barclays set a $84.00 price objective on shares of Baidu and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Mizuho lifted their price objective on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Benchmark lowered 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. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $107.82.

Baidu Stock Performance

BIDU stock opened at $85.86 on Friday. The firm has a market cap of $29.66 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $85.86 and a 200-day moving average price of $87.65. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25.

Baidu 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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