International Assets Investment Management LLC Has $1.37 Million Holdings in Baidu, Inc. $BIDU

International Assets Investment Management LLC cut its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,947 shares of the information services provider’s stock after selling 153 shares during the period. International Assets Investment Management LLC’s holdings in Baidu were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of Baidu by 17.0% in the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 136 shares during the period. CX Institutional raised its position in shares of Baidu by 34.1% in the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 182 shares during the period. Assetmark Inc. raised its position in shares of Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 192 shares during the period. Yousif Capital Management LLC raised its position in shares of Baidu by 5.2% in the 2nd quarter. Yousif Capital Management LLC now owns 4,539 shares of the information services provider’s stock valued at $389,000 after acquiring an additional 225 shares during the period. Finally, Matauro LLC raised its position in shares of Baidu by 10.5% in the 2nd quarter. Matauro LLC now owns 2,555 shares of the information services provider’s stock valued at $219,000 after acquiring an additional 242 shares during the period.

Baidu Price Performance

NASDAQ BIDU opened at $120.01 on Monday. The business has a 50 day simple moving average of $113.32 and a 200 day simple moving average of $95.87. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $149.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $41.46 billion, a price-to-earnings ratio of 11.06 and a beta of 0.42.

Analyst Ratings Changes

A number of brokerages recently weighed in on BIDU. Zacks Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Macquarie upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and increased their price target for the company from $91.00 to $176.00 in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a research report on Wednesday, October 8th. Nomura increased their price target on shares of Baidu from $91.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Finally, Arete Research upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.93.

Baidu Company 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.