Flow Traders U.S. LLC Invests $368,000 in Baidu, Inc. (NASDAQ:BIDU)

Flow Traders U.S. LLC bought a new stake in Baidu, Inc. (NASDAQ:BIDU) in the third quarter, HoldingsChannel.com reports. The fund bought 3,494 shares of the information services provider’s stock, valued at approximately $368,000.

Several other large investors also recently bought and sold shares of BIDU. Grove Bank & Trust boosted its holdings in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock worth $77,000 after purchasing an additional 130 shares during the period. Advisors Asset Management Inc. lifted its position in Baidu by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. boosted its stake in Baidu by 9.0% during the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after buying an additional 171 shares during the period. Intellectus Partners LLC raised its stake in shares of Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after acquiring an additional 250 shares during the period. Finally, Ridgewood Investments LLC lifted its holdings in shares of Baidu by 5.3% in the 2nd quarter. Ridgewood Investments LLC now owns 6,900 shares of the information services provider’s stock worth $597,000 after acquiring an additional 349 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Sanford C. Bernstein lowered Baidu from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $130.00 to $97.00 in a research note on Friday, August 23rd. Barclays downgraded Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Mizuho cut their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Baidu presently has a consensus rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Up 1.3 %

Baidu stock opened at $85.74 on Friday. Baidu, Inc. has a twelve month low of $78.95 and a twelve month high of $120.25. The business has a fifty day moving average of $92.83 and a two-hundred day moving average of $91.06. The firm has a market cap of $30.06 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.13 and a beta of 0.46. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

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.