Baidu, Inc. (NASDAQ:BIDU) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 313.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,352 shares of the information services provider's stock after acquiring an additional 20,735 shares during the period. Union Bancaire Privee UBP SA's holdings in Baidu were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its position 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 purchasing an additional 179 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Baidu during the fourth quarter valued at about $42,000. CX Institutional purchased a new position in shares of Baidu in the 1st quarter valued at approximately $49,000. GeoWealth Management LLC increased its stake in Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after purchasing an additional 308 shares in the last quarter. Finally, Investors Research Corp raised its holdings in shares of Baidu by 20.5% in the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock worth $162,000 after buying an additional 300 shares during the last quarter.

Baidu Stock Performance

Shares of BIDU traded down $1.81 during trading hours on Friday, hitting $86.00. The stock had a trading volume of 2,412,515 shares, compared to its average volume of 4,132,871. The firm has a 50-day moving average price of $85.90 and a 200 day moving average price of $87.79. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Nomura Securities downgraded Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Citigroup reduced their price objective on Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen lowered Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Macquarie reissued a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Baidu presently has a consensus rating of "Hold" and an average price target of $107.82.

Baidu Company 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.