Quadrant Capital Group LLC Raises Stock Holdings in Baidu, Inc. $BIDU

Quadrant Capital Group LLC boosted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 2,647.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,414 shares of the information services provider’s stock after purchasing an additional 19,671 shares during the period. Quadrant Capital Group LLC’s holdings in Baidu were worth $1,751,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Baidu during the 2nd quarter valued at $80,618,000. Triata Capital Ltd boosted its holdings in shares of Baidu by 193.9% in the 1st quarter. Triata Capital Ltd now owns 568,432 shares of the information services provider’s stock worth $52,313,000 after buying an additional 375,007 shares during the last quarter. Mondrian Investment Partners LTD grew its position in Baidu by 41.7% during the first quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock valued at $71,556,000 after buying an additional 228,623 shares during the period. GMT Capital Corp increased its holdings in Baidu by 43.2% during the first quarter. GMT Capital Corp now owns 591,427 shares of the information services provider’s stock worth $54,429,000 after buying an additional 178,300 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in Baidu by 1.4% during the second quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock worth $1,039,132,000 after buying an additional 170,414 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on BIDU shares. Nomura Securities upgraded shares of Baidu from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Arete upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Tuesday, September 16th. Nomura set a $140.00 target price on Baidu and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Arete Research upgraded Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.95.

Baidu Stock Up 0.7%

BIDU stock opened at $117.14 on Friday. The stock has a 50-day simple moving average of $125.34 and a two-hundred day simple moving average of $103.28. The firm has a market capitalization of $40.46 billion, a PE ratio of 10.80 and a beta of 0.43. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $149.51. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

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.