J. Safra Sarasin Holding AG Invests $581,000 in Baidu, Inc. $BIDU

J. Safra Sarasin Holding AG acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,406 shares of the information services provider’s stock, valued at approximately $581,000.

Other institutional investors have also recently bought and sold shares of the company. Binnacle Investments Inc acquired a new stake in shares of Baidu in the second quarter valued at about $29,000. Winthrop Capital Management LLC acquired a new stake in Baidu in the 2nd quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. acquired a new stake in Baidu in the 2nd quarter valued at approximately $43,000. Assetmark Inc. increased its position in Baidu by 127.6% in the 2nd quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock worth $64,000 after buying an additional 416 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Baidu by 1,166.2% in the second quarter. Hantz Financial Services Inc. now owns 975 shares of the information services provider’s stock valued at $84,000 after acquiring an additional 898 shares during the period.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of research reports. Nomura boosted their target price on shares of Baidu from $178.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday. National Bankshares upgraded shares of Baidu to an “outperform” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised Baidu from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $110.00 to $188.00 in a research report on Monday, November 24th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Baidu in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $155.78.

Baidu Trading Down 0.1%

Shares of BIDU stock opened at $157.51 on Friday. The company has a market capitalization of $54.41 billion, a P/E ratio of 52.33 and a beta of 0.30. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $165.30. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $134.36 and a 200 day moving average price of $118.68.

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.