US Bancorp DE Increases Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

US Bancorp DE lifted its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 76.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,110 shares of the information services provider's stock after purchasing an additional 3,074 shares during the quarter. US Bancorp DE's holdings in Baidu were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Monaco Asset Management SAM boosted its holdings in shares of Baidu by 35.8% in the 1st quarter. Monaco Asset Management SAM now owns 246,371 shares of the information services provider's stock worth $22,674,000 after purchasing an additional 65,000 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Baidu during the 1st quarter worth approximately $573,000. XTX Topco Ltd bought a new stake in shares of Baidu during the 1st quarter worth approximately $367,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Baidu by 21.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,700 shares of the information services provider's stock worth $156,000 after acquiring an additional 300 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Baidu during the 1st quarter worth approximately $936,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BIDU shares. Barclays decreased their price target on Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Benchmark decreased their price target on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Citigroup raised their price target on Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Jefferies Financial Group decreased their price target on Baidu from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Macquarie reissued a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $105.09.

Baidu Stock Up 2.1%

Shares of BIDU traded up $1.84 during trading hours on Tuesday, hitting $87.83. The company had a trading volume of 4,410,349 shares, compared to its average volume of 4,725,579. The company has a market capitalization of $30.34 billion, a PE ratio of 8.71 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. Baidu, Inc. has a one year low of $74.71 and a one year high of $116.25. The company's fifty day moving average price is $87.35 and its two-hundred day moving average price is $88.50.

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.