GSA Capital Partners LLP Buys 1,396 Shares of Baidu, Inc. (NASDAQ:BIDU)

GSA Capital Partners LLP boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 40.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,859 shares of the information services provider’s stock after purchasing an additional 1,396 shares during the quarter. GSA Capital Partners LLP’s holdings in Baidu were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Guinness Asset Management LTD boosted its position in shares of Baidu by 4.4% in the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after acquiring an additional 100 shares during the period. Grove Bank & Trust boosted its position in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the period. Blue Trust Inc. boosted its position in shares of Baidu by 9.0% in the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after acquiring an additional 171 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Baidu by 8.2% in the first quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after acquiring an additional 196 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of Baidu in the first quarter valued at about $31,000.

Baidu Stock Up 0.7 %

Shares of NASDAQ BIDU opened at $86.02 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 11.33 and a beta of 0.51. Baidu, Inc. has a 12 month low of $79.68 and a 12 month high of $126.23. The stock has a 50-day moving average price of $93.76 and a two-hundred day moving average price of $93.01.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BIDU shares. HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Tuesday, September 24th. Mizuho cut their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Susquehanna cut their price objective on shares of Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. Hsbc Global Res cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Benchmark cut their price objective on shares of Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.29.

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.