CreativeOne Wealth LLC Takes $328,000 Position in Baidu, Inc. $BIDU

CreativeOne Wealth LLC acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,819 shares of the information services provider’s stock, valued at approximately $328,000.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted 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 valued at $80,000 after purchasing an additional 136 shares during the last quarter. Redwood Wealth Management Group LLC raised its stake in Baidu by 3.8% in the second quarter. Redwood Wealth Management Group LLC now owns 4,117 shares of the information services provider’s stock valued at $353,000 after buying an additional 150 shares during the period. CX Institutional lifted its position in shares of Baidu by 34.1% in the second quarter. CX Institutional now owns 715 shares of the information services provider’s stock valued at $61,000 after buying an additional 182 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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. Finally, Yousif Capital Management LLC boosted its stake in shares of Baidu by 5.2% during the 2nd quarter. Yousif Capital Management LLC now owns 4,539 shares of the information services provider’s stock worth $389,000 after acquiring an additional 225 shares during the period.

Baidu Price Performance

Baidu stock opened at $117.14 on Monday. The firm has a market cap of $40.46 billion, a PE ratio of 10.80 and a beta of 0.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s fifty day moving average price is $125.34 and its two-hundred day moving average price is $103.44. Baidu, Inc. has a one year low of $74.71 and a one year high of $149.51.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research reports. Daiwa Capital Markets set a $160.00 target price on shares of Baidu and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Citigroup reissued a “buy” rating on shares of Baidu in a report on Monday, October 13th. Susquehanna restated a “neutral” rating and issued a $110.00 price target on shares of Baidu in a research note on Monday, November 24th. Finally, UBS Group set a $188.00 price objective on Baidu in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued 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 a consensus target price of $145.95.

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.