Marex Group plc Makes New Investment in Baidu, Inc. $BIDU

Marex Group plc bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 83,956 shares of the information services provider’s stock, valued at approximately $7,200,000.

Several other institutional investors also recently modified their holdings of the business. Binnacle Investments Inc acquired a new position in Baidu in the second quarter valued at approximately $29,000. Winthrop Capital Management LLC acquired a new position in shares of Baidu in the 2nd quarter valued at $39,000. Mizuho Securities Co. Ltd. bought a new position in shares of Baidu in the 2nd quarter worth $43,000. CX Institutional boosted its position in shares of Baidu by 34.1% in the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock worth $61,000 after purchasing an additional 182 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Baidu by 127.6% during the second quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock worth $64,000 after purchasing an additional 416 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BIDU. Deutsche Bank Aktiengesellschaft raised Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, November 6th. National Bankshares raised shares of Baidu to an “outperform” rating in a research note on Monday, November 24th. CLSA upgraded shares of Baidu to a “strong-buy” rating in a report on Monday, September 22nd. Morgan Stanley cut their target price on shares of Baidu from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, Nomura Securities raised shares of Baidu from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and a consensus target price of $146.11.

Baidu Stock Down 2.6%

Baidu stock opened at $125.01 on Friday. The company has a 50 day moving average of $123.05 and a 200-day moving average of $105.90. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $149.51. The stock has a market capitalization of $43.18 billion, a PE ratio of 41.53 and a beta of 0.44.

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.