FNY Investment Advisers LLC Buys 7,817 Shares of Baidu, Inc. $BIDU

FNY Investment Advisers LLC increased its stake in Baidu, Inc. (NASDAQ:BIDUFree Report) by 55,835.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,831 shares of the information services provider’s stock after buying an additional 7,817 shares during the quarter. FNY Investment Advisers LLC’s holdings in Baidu were worth $1,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BIDU. Blue Trust Inc. raised its position in Baidu by 2.0% during the third quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock worth $577,000 after acquiring an additional 85 shares in the last quarter. State of Wyoming grew its position in shares of Baidu by 13.2% in the 3rd quarter. State of Wyoming now owns 857 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC increased its stake in shares of Baidu by 11.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after purchasing an additional 108 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Baidu by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock worth $391,000 after purchasing an additional 114 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 134 shares during the period.

Analyst Ratings Changes

BIDU has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday, January 13th. Zephirin Group upped their price objective on Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. Jefferies Financial Group raised their price objective on Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. The Goldman Sachs Group lifted their target price on Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Morgan Stanley decreased their target price on Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and an average price target of $157.89.

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Baidu Stock Up 1.0%

Shares of BIDU opened at $121.87 on Thursday. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $165.30. The firm has a market cap of $42.10 billion, a P/E ratio of 76.65 and a beta of 0.32. The firm’s 50-day simple moving average is $139.06 and its 200 day simple moving average is $129.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 1.76.

Baidu News Roundup

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Baidu Profile

(Free Report)

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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