SG Americas Securities LLC Acquires 21,813 Shares of Baidu, Inc. $BIDU

SG Americas Securities LLC lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,315 shares of the information services provider’s stock after purchasing an additional 21,813 shares during the period. SG Americas Securities LLC owned 0.11% of Baidu worth $42,932,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Binnacle Investments Inc bought a new position in Baidu during the second quarter valued at about $29,000. Sankala Group LLC bought a new stake in shares of Baidu during the 4th quarter worth about $46,000. Brown Brothers Harriman & Co. boosted its stake 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. increased its holdings 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 valued at $56,000 after acquiring an additional 88 shares during the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in shares of Baidu during the 4th quarter valued at about $59,000.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $110.14 on Wednesday. The business has a 50 day moving average price of $126.93 and a 200 day moving average price of $129.66. Baidu, Inc. has a twelve month low of $84.64 and a twelve month high of $165.30. The company has a market cap of $37.48 billion, a price-to-earnings ratio of -917.76, a PEG ratio of 1.91 and a beta of 0.54. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BIDU. Zacks Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Citigroup reissued a “buy” rating on shares of Baidu in a research report on Tuesday. Nomura upped their price objective on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $215.00 price objective on shares of Baidu in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

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.