Baidu, Inc. (NASDAQ:BIDU) Stock Holdings Lifted by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 16,537.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,331 shares of the information services provider’s stock after buying an additional 1,323 shares during the period. Cape Investment Advisory Inc.’s holdings in Baidu were worth $140,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in shares of Baidu by 0.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after purchasing an additional 99 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Baidu by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock valued at $239,000 after acquiring an additional 110 shares during the period. Beacon Financial Group grew its position in shares of Baidu by 7.2% during the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock worth $226,000 after acquiring an additional 128 shares during the last quarter. Ignite Planners LLC increased its holdings in shares of Baidu by 3.8% in the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after acquiring an additional 139 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Baidu by 8.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 196 shares during the last quarter.

Baidu Price Performance

Shares of NASDAQ BIDU traded down $1.93 during mid-day trading on Friday, reaching $84.49. The company had a trading volume of 3,226,305 shares, compared to its average volume of 4,829,994. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu, Inc. has a 1-year low of $82.91 and a 1-year high of $151.55. The stock has a market cap of $29.63 billion, a PE ratio of 11.31 and a beta of 0.49. The company has a 50-day moving average price of $92.10 and a two-hundred day moving average price of $100.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna dropped their price target on shares of Baidu from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Friday, May 24th. Jefferies Financial Group reduced their price target on Baidu from $179.00 to $174.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Citigroup lowered their price target on Baidu from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Macquarie lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Bank of America lowered their price objective on shares of Baidu from $140.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.60.

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.