Strategic Investment Solutions Inc. IL Has $696,000 Stock Position in Baidu, Inc. $BIDU

Strategic Investment Solutions Inc. IL grew its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 8,850.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,281 shares of the information services provider’s stock after acquiring an additional 5,222 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Baidu were worth $696,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BIDU. Primecap Management Co. CA increased its stake in shares of Baidu by 1.4% in the second quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock valued at $1,039,132,000 after buying an additional 170,414 shares during the period. RPD Fund Management LLC lifted its stake in shares of Baidu by 161.6% in the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after acquiring an additional 777,570 shares during the period. Schroder Investment Management Group bought a new stake in Baidu in the third quarter valued at approximately $165,334,000. Bank of America Corp DE boosted its holdings in Baidu by 106.7% in the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after acquiring an additional 582,832 shares during the last quarter. Finally, Capital World Investors increased its position in Baidu by 0.5% during the 3rd quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock valued at $128,847,000 after purchasing an additional 5,343 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BIDU. JPMorgan Chase & Co. upgraded shares of Baidu from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $110.00 to $188.00 in a research report on Monday, November 24th. Benchmark reiterated a “buy” rating on shares of Baidu in a research report on Friday, February 20th. China Renaissance upgraded shares of Baidu from a “hold” rating to a “buy” rating and boosted their target price for the company from $134.00 to $180.00 in a report on Tuesday, February 3rd. Citigroup reaffirmed a “buy” rating on shares of Baidu in a research report on Tuesday, January 13th. Finally, UBS Group reiterated a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.89.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $121.87 on Thursday. The firm’s 50-day moving average price is $139.06 and its 200-day moving average price is $129.20. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $165.30. The firm has a market capitalization of $42.10 billion, a P/E ratio of 76.65 and a beta of 0.32. The company has a current ratio of 1.76, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22.

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.