Savant Capital LLC Makes New Investment in Baidu, Inc. $BIDU

Savant Capital LLC acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,484 shares of the information services provider’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its stake in Baidu by 143.3% in the first quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after buying an additional 192 shares during the last quarter. 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 purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC boosted its stake in Baidu by 17.0% in the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock worth $80,000 after purchasing an additional 136 shares in the last quarter. Hantz Financial Services Inc. grew its position in Baidu by 1,166.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the information services provider’s stock worth $84,000 after purchasing an additional 898 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in Baidu by 21.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,700 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 300 shares in the last quarter.

Baidu Stock Down 1.4%

Shares of BIDU stock opened at $115.49 on Thursday. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $149.51. The stock has a market cap of $39.90 billion, a P/E ratio of 10.64 and a beta of 0.43. The stock has a 50 day moving average of $126.64 and a 200 day moving average of $102.08. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Several research firms have recently commented on BIDU. Arete Research upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price objective for the company in a research note on Tuesday, September 16th. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Susquehanna increased their price objective on Baidu from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of Baidu in a report on Monday, October 13th. Finally, Morgan Stanley dropped their target price on Baidu from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.83.

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.