Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 23.5% in the third quarter, HoldingsChannel.com reports. The fund owned 3,281 shares of the information services provider’s stock after buying an additional 624 shares during the quarter. DGS Capital Management LLC’s holdings in Baidu were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Swedbank AB boosted its position in Baidu by 4.8% during the 2nd quarter. Swedbank AB now owns 43,327 shares of the information services provider’s stock valued at $3,747,000 after purchasing an additional 2,000 shares during the period. Blue Trust Inc. lifted its stake in 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 buying an additional 171 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Baidu by 31.4% during the second quarter. Raymond James & Associates now owns 14,368 shares of the information services provider’s stock valued at $1,243,000 after acquiring an additional 3,432 shares during the period. Summit Global Investments bought a new position in shares of Baidu during the second quarter worth about $1,189,000. Finally, Bank Hapoalim BM increased its holdings in shares of Baidu by 70.0% in the 2nd quarter. Bank Hapoalim BM now owns 24,783 shares of the information services provider’s stock worth $2,143,000 after acquiring an additional 10,208 shares during the period.

Baidu Stock Performance

BIDU opened at $90.82 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $90.51 and its two-hundred day moving average price is $90.51. The firm has a market capitalization of $31.85 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a 12-month low of $78.95 and a 12-month high of $120.25.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BIDU shares. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Thursday. China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research note on Monday, November 25th. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Hsbc Global Res lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Bank of America dropped their target price on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Baidu currently has an average rating of “Hold” and a consensus price target of $113.75.

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.