BNP Paribas Financial Markets Purchases 104,449 Shares of Baidu, Inc. (NASDAQ:BIDU)

BNP Paribas Financial Markets raised its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.5% during the third quarter, Holdings Channel.com reports. The fund owned 296,190 shares of the information services provider’s stock after buying an additional 104,449 shares during the period. BNP Paribas Financial Markets’ holdings in Baidu were worth $31,186,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BIDU. iA Global Asset Management Inc. purchased a new position in shares of Baidu in the second quarter worth $52,000. Denver PWM LLC purchased a new stake in Baidu in the 2nd quarter worth $67,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the last quarter. Grove Bank & Trust grew its position in shares of Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 130 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Baidu by 102.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,098 shares of the information services provider’s stock worth $97,000 after purchasing an additional 555 shares during the last quarter.

Baidu Trading Up 0.3 %

BIDU opened at $85.05 on Friday. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 1.11 and a beta of 0.51. The stock’s 50 day moving average price is $93.57 and its 200-day moving average price is $91.75.

Analysts Set New Price Targets

BIDU has been the subject of several research analyst reports. Citigroup cut their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday. Loop Capital reduced their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research report on Tuesday. Benchmark reduced their target price on shares of Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $85.00 in a report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.75.

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.