9,631 Shares in Baidu, Inc. $BIDU Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in Baidu, Inc. (NASDAQ:BIDU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,631 shares of the information services provider’s stock, valued at approximately $826,000.

Several other large investors have also recently made changes to their positions in BIDU. Assetmark Inc. raised its stake in shares of Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after purchasing an additional 192 shares during the period. Winthrop Capital Management LLC bought a new position in shares of Baidu during the 2nd quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. bought a new position in shares of Baidu during the 2nd quarter valued at approximately $43,000. CX Institutional increased its stake in shares of Baidu by 34.1% during 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, Parallel Advisors LLC raised its holdings in shares of Baidu by 17.0% in the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock worth $80,000 after purchasing an additional 136 shares during the period.

Baidu Price Performance

NASDAQ:BIDU opened at $119.71 on Tuesday. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $149.51. The stock has a fifty day moving average of $125.00 and a 200 day moving average of $103.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $41.35 billion, a price-to-earnings ratio of 11.03 and a beta of 0.43.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BIDU. Arete raised Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Tuesday, September 16th. CLSA raised Baidu to a “strong-buy” rating in a research report on Monday, September 22nd. Jefferies Financial Group increased their price target on Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Nomura set a $140.00 price target on shares of Baidu and gave the company a “buy” rating in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.95.

Baidu Company 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.