Sender Co & Partners Inc. Takes Position in Baidu, Inc. $BIDU

Sender Co & Partners Inc. bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the 1st quarter, HoldingsChannel reports. The fund bought 6,082 shares of the information services provider’s stock, valued at approximately $560,000.

Other large investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in shares of Baidu during the 1st quarter valued at $29,000. Assetmark Inc. increased its position in shares of Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after acquiring an additional 179 shares during the period. CX Institutional bought a new position in shares of Baidu during the 1st quarter worth $49,000. Finally, Silver Oak Securities Incorporated bought a new position in shares of Baidu during the 1st quarter worth $97,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BIDU. Susquehanna increased their price target on Baidu from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. Barclays cut 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. Jefferies Financial Group cut 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. Wall Street Zen downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Finally, Benchmark cut their price target on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Baidu presently has an average rating of “Hold” and an average price target of $104.00.

Baidu Stock Up 3.8%

Shares of NASDAQ BIDU opened at $101.96 on Friday. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25. The business has a 50-day simple moving average of $89.58 and a two-hundred day simple moving average of $88.59. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market cap of $35.22 billion, a P/E ratio of 9.40 and a beta of 0.34.

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.