Pacific Capital Wealth Advisors Inc. Buys Shares of 406 Baidu, Inc. (NASDAQ:BIDU)

Pacific Capital Wealth Advisors Inc. bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 406 shares of the information services provider’s stock, valued at approximately $48,000.

Several other large investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its stake in Baidu by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,895 shares of the information services provider’s stock worth $255,000 after buying an additional 113 shares during the last quarter. Financial Counselors Inc. raised its holdings in shares of Baidu by 8.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,714 shares of the information services provider’s stock worth $230,000 after purchasing an additional 140 shares during the period. Ignite Planners LLC raised its holdings in shares of Baidu by 4.9% during the 4th quarter. Ignite Planners LLC now owns 3,652 shares of the information services provider’s stock valued at $421,000 after buying an additional 171 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Baidu by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock valued at $547,000 after buying an additional 195 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Baidu by 14.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the information services provider’s stock valued at $186,000 after buying an additional 201 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BIDU shares. Benchmark dropped their target price on Baidu from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Monday. Barclays dropped their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Citigroup dropped their target price on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, HSBC dropped their price objective on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.50.

Baidu Stock Performance

Shares of BIDU traded down $2.80 during mid-day trading on Tuesday, hitting $110.53. The stock had a trading volume of 3,101,860 shares, compared to its average volume of 3,425,120. The company has a market cap of $38.76 billion, a PE ratio of 14.32 and a beta of 0.68. The company’s fifty day simple moving average is $103.03 and its two-hundred day simple moving average is $108.09. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a fifty-two week low of $94.25 and a fifty-two week high of $156.98.

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.