Sender Co & Partners Inc. Takes Position in Baidu, Inc. $BIDU

Key Points

• Sender Co & Partners Inc. has made a new investment of $560,000 in Baidu, Inc., acquiring 6,082 shares of the stock.
• Several institutional investors have significantly increased their holdings in Baidu, with Northern Trust Corp raising its position by 68.9%, owning a total of 240,654 shares now valued at approximately $20.29 million.
• Analysts have mixed views on Baidu, with target price adjustments ranging from $81.00 to $140.00 and a general consensus rating of "Hold" with an average target price of $104.00.

Sender Co & Partners Inc. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,082 shares of the information services provider's stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in shares of Baidu in the 1st quarter worth $922,000. Janney Montgomery Scott LLC bought a new stake in shares of Baidu in the 1st quarter worth $274,000. Ameriprise Financial Inc. raised its stake in shares of Baidu by 7.5% in the 4th quarter. Ameriprise Financial Inc. now owns 45,949 shares of the information services provider's stock worth $3,874,000 after buying an additional 3,200 shares in the last quarter. Nuveen Asset Management LLC raised its position in Baidu by 19.4% in the fourth quarter. Nuveen Asset Management LLC now owns 166,858 shares of the information services provider's stock worth $14,068,000 after acquiring an additional 27,057 shares in the last quarter. Finally, CX Institutional bought a new stake in Baidu in the first quarter worth about $49,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark dropped their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Jefferies Financial Group dropped their target price on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Citigroup boosted their target price on shares of Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut Baidu from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Baidu has an average rating of "Hold" and a consensus target price of $104.00.

Baidu Trading Down 0.2%

Shares of BIDU stock traded down $0.18 during trading hours on Tuesday, reaching $108.47. 5,382,485 shares of the stock traded hands, compared to its average volume of 5,241,040. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The business has a fifty day moving average price of $90.49 and a 200 day moving average price of $88.84. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $37.47 billion, a PE ratio of 10.00 and a beta of 0.34.

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.