Silphium Asset Management Ltd Acquires Shares of 12,500 Baidu, Inc. (NASDAQ:BIDU)

Silphium Asset Management Ltd bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 12,500 shares of the information services provider's stock, valued at approximately $1,150,000. Baidu accounts for 0.9% of Silphium Asset Management Ltd's holdings, making the stock its 29th biggest position.

Other hedge funds have also modified their holdings of the company. Bank Hapoalim BM increased its holdings in Baidu by 63.5% during the 1st quarter. Bank Hapoalim BM now owns 39,235 shares of the information services provider's stock worth $3,611,000 after purchasing an additional 15,242 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of Baidu in the 1st quarter valued at approximately $636,000. Crossmark Global Holdings Inc. increased its holdings in shares of Baidu by 5.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 16,786 shares of the information services provider's stock valued at $1,545,000 after acquiring an additional 873 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Baidu by 77.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,715 shares of the information services provider's stock valued at $1,078,000 after acquiring an additional 5,115 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Baidu by 41.0% in the 1st quarter. Penserra Capital Management LLC now owns 182,966 shares of the information services provider's stock valued at $16,838,000 after acquiring an additional 53,219 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BIDU. Benchmark lowered their price target on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Citigroup reduced their price objective on Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Macquarie restated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Finally, Barclays set a $84.00 price objective on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $107.82.

Baidu Price Performance

Shares of BIDU stock traded down $1.51 during mid-day trading on Friday, reaching $86.93. The company's stock had a trading volume of 2,446,302 shares, compared to its average volume of 3,969,878. 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 $30.03 billion, a P/E ratio of 8.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 2.29. The firm's 50-day moving average is $86.74 and its two-hundred day moving average is $87.66.

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.