Silvercrest Asset Management Group LLC Increases Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Silvercrest Asset Management Group LLC grew its position in Baidu, Inc. (NASDAQ:BIDU) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,019 shares of the information services provider’s stock after acquiring an additional 379 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Baidu were worth $2,739,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BIDU. Crewe Advisors LLC acquired a new stake in shares of Baidu in the first quarter valued at approximately $31,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Baidu in the first quarter valued at approximately $32,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Baidu in the fourth quarter valued at approximately $48,000. Silicon Valley Capital Partners acquired a new stake in shares of Baidu in the first quarter valued at approximately $53,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Baidu in the fourth quarter valued at approximately $66,000.

Wall Street Analyst Weigh In

BIDU has been the subject of several research analyst reports. Susquehanna decreased their price objective on Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a report on Friday, May 24th. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Baidu in a report on Friday, May 17th. Morgan Stanley downgraded Baidu from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $140.00 to $125.00 in a report on Friday, May 17th. Loop Capital decreased their price target on Baidu from $155.00 to $130.00 and set a “buy” rating for the company in a report on Friday, June 21st. Finally, HSBC decreased their price target on Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.60.

Baidu Price Performance

Baidu stock opened at $88.74 on Wednesday. Baidu, Inc. has a one year low of $85.08 and a one year high of $156.98. The company has a market cap of $31.12 billion, a P/E ratio of 11.88 and a beta of 0.49. The business has a fifty day moving average of $92.99 and a two-hundred day moving average of $100.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.79 and a current ratio of 2.79.

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.