Intellectus Partners LLC Purchases 1,386 Shares of Baidu, Inc. (NASDAQ:BIDU)

Intellectus Partners LLC boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,268 shares of the information services provider’s stock after acquiring an additional 1,386 shares during the period. Intellectus Partners LLC’s holdings in Baidu were worth $1,342,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BIDU. Bruce G. Allen Investments LLC bought a new position in shares of Baidu in the 4th quarter valued at about $25,000. Headinvest LLC acquired a new stake in Baidu in the 3rd quarter valued at about $36,000. FNY Investment Advisers LLC acquired a new stake in Baidu in the 4th quarter valued at about $42,000. ING Groep NV lifted its stake in Baidu by 103.2% in the 3rd quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Baidu in the 3rd quarter valued at about $73,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. HSBC cut their target price on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays cut their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, Citigroup cut their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Baidu Price Performance

NASDAQ:BIDU traded up $0.62 during mid-day trading on Friday, reaching $100.52. The stock had a trading volume of 4,816,699 shares, compared to its average volume of 2,670,415. The stock has a 50-day simple moving average of $103.06 and a two-hundred day simple moving average of $108.72. The stock has a market capitalization of $35.25 billion, a PE ratio of 13.02 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. Baidu, Inc. has a 12 month low of $94.25 and a 12 month high of $156.98.

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.