Winthrop Capital Management LLC Invests $39,000 in Baidu, Inc. $BIDU

Winthrop Capital Management LLC acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 450 shares of the information services provider’s stock, valued at approximately $39,000.

Several other large investors have also added to or reduced their stakes in BIDU. Dimensional Fund Advisors LP grew its position in Baidu by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,361,973 shares of the information services provider’s stock valued at $125,338,000 after purchasing an additional 11,658 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Baidu by 2.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,037,626 shares of the information services provider’s stock worth $95,494,000 after buying an additional 25,834 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Baidu during the 2nd quarter worth about $80,618,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Baidu by 319.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 807,322 shares of the information services provider’s stock valued at $74,298,000 after acquiring an additional 615,061 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in shares of Baidu by 41.7% in the 1st quarter. Mondrian Investment Partners LTD now owns 777,534 shares of the information services provider’s stock valued at $71,556,000 after acquiring an additional 228,623 shares in the last quarter.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $125.96 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $43.51 billion, a P/E ratio of 11.61 and a beta of 0.43. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $149.51. The stock has a 50 day moving average of $123.37 and a 200-day moving average of $100.24.

Analyst Upgrades and Downgrades

BIDU has been the topic of several analyst reports. Benchmark dropped their target price on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Daiwa Capital Markets set a $160.00 price target on Baidu and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Zephirin Group started coverage on Baidu in a report on Monday, September 15th. They issued a “sell” rating and a $92.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Baidu in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Baidu presently has an average rating of “Moderate Buy” and an average target price of $131.00.

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.