SG Americas Securities LLC Buys 21,813 Shares of Baidu, Inc. $BIDU

SG Americas Securities LLC raised its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 6.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 385,315 shares of the information services provider’s stock after acquiring an additional 21,813 shares during the quarter. SG Americas Securities LLC’s holdings in Baidu were worth $42,932,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BIDU. Binnacle Investments Inc bought a new stake in shares of Baidu in the second quarter valued at about $29,000. Sankala Group LLC acquired a new stake in Baidu during the fourth quarter worth about $46,000. Brown Brothers Harriman & Co. increased its stake in Baidu by 35.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 105 shares during the period. UMB Bank n.a. increased its stake in Baidu by 25.9% during the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 88 shares during the period. Finally, Winthrop Capital Management LLC acquired a new position in Baidu in the 4th quarter valued at approximately $59,000.

Baidu Trading Down 1.4%

BIDU stock opened at $110.14 on Wednesday. Baidu, Inc. has a 1-year low of $84.64 and a 1-year high of $165.30. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $126.93 and its 200-day moving average is $129.66. The firm has a market cap of $37.48 billion, a P/E ratio of -917.76, a P/E/G ratio of 1.91 and a beta of 0.54.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $215.00 price objective on shares of Baidu in a research report on Tuesday, May 19th. Nomura boosted their price objective on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. BNP Paribas Exane initiated coverage on Baidu in a research note on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price for the company. Weiss Ratings cut Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.