Bank Hapoalim BM Acquires 3,734 Shares of Baidu, Inc. $BIDU

Bank Hapoalim BM increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,969 shares of the information services provider’s stock after buying an additional 3,734 shares during the quarter. Bank Hapoalim BM’s holdings in Baidu were worth $3,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BIDU. Merit Financial Group LLC raised its position in Baidu by 17.2% in the first quarter. Merit Financial Group LLC now owns 3,324 shares of the information services provider’s stock valued at $306,000 after purchasing an additional 489 shares during the last quarter. Intellectus Partners LLC raised its position in Baidu by 9.9% in the first quarter. Intellectus Partners LLC now owns 18,434 shares of the information services provider’s stock valued at $1,696,000 after purchasing an additional 1,661 shares during the last quarter. Prospect Financial Services LLC raised its position in Baidu by 139.5% in the first quarter. Prospect Financial Services LLC now owns 22,776 shares of the information services provider’s stock valued at $2,096,000 after purchasing an additional 13,266 shares during the last quarter. UMB Bank n.a. raised its position in Baidu by 80.3% in the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 179 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Baidu by 20.4% in the first quarter. SG Americas Securities LLC now owns 459,260 shares of the information services provider’s stock valued at $42,266,000 after purchasing an additional 77,804 shares during the last quarter.

Wall Street Analysts Forecast Growth

BIDU has been the subject of several research reports. Citigroup increased their target price on Baidu from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Arete upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Tuesday, September 16th. Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Barclays dropped their target price on Baidu from $84.00 to $81.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Finally, Benchmark dropped their target price on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baidu presently has a consensus rating of “Hold” and a consensus price target of $122.42.

Baidu Trading Up 1.3%

NASDAQ BIDU opened at $142.00 on Friday. The business has a 50 day simple moving average of $105.07 and a 200 day simple moving average of $93.50. Baidu, Inc. has a one year low of $74.71 and a one year high of $145.20. The stock has a market capitalization of $49.05 billion, a P/E ratio of 13.09 and a beta of 0.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85.

About Baidu

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.