Clear Street Group Inc. Takes Position in Baidu, Inc. $BIDU

Clear Street Group Inc. acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,591 shares of the information services provider’s stock, valued at approximately $731,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Binnacle Investments Inc purchased a new stake in shares of Baidu in the 2nd quarter valued at approximately $29,000. Ameritas Advisory Services LLC lifted its holdings in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock worth $53,000 after acquiring an additional 105 shares in the last quarter. UMB Bank n.a. raised its position in shares of Baidu by 25.9% during the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock worth $56,000 after acquiring an additional 88 shares in the last quarter. Finally, Winthrop Capital Management LLC acquired a new stake in Baidu during the fourth quarter worth approximately $59,000.

Analyst Ratings Changes

Several brokerages have issued reports on BIDU. Susquehanna raised their price objective on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Weiss Ratings lowered shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Zephirin Group raised their price objective on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research report on Monday, March 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Baidu in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Stock Performance

NASDAQ:BIDU opened at $116.75 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $39.72 billion, a price-to-earnings ratio of -972.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The firm’s fifty day moving average price is $126.80 and its 200 day moving average price is $129.91. Baidu, Inc. has a 1-year low of $83.30 and a 1-year high of $165.30.

About Baidu

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.