Baidu, Inc. (NASDAQ:BIDU) Stock Holdings Lifted by Rakuten Securities Inc.

Rakuten Securities Inc. raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 126.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,785 shares of the information services provider’s stock after buying an additional 3,790 shares during the period. Rakuten Securities Inc.’s holdings in Baidu were worth $714,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Baidu by 23.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 12,483 shares of the information services provider’s stock valued at $1,280,000 after purchasing an additional 2,389 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Baidu by 40.3% in the third quarter. GSA Capital Partners LLP now owns 4,859 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 1,396 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Baidu in the third quarter valued at $315,000. Weil Company Inc. lifted its holdings in shares of Baidu by 13.8% in the third quarter. Weil Company Inc. now owns 4,134 shares of the information services provider’s stock valued at $435,000 after purchasing an additional 500 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Baidu by 17.5% in the third quarter. Axxcess Wealth Management LLC now owns 5,037 shares of the information services provider’s stock valued at $530,000 after purchasing an additional 750 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on BIDU shares. Loop Capital cut their price objective on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 26th. Susquehanna cut their price objective on Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a report on Thursday, September 5th. Benchmark cut their price objective on Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Barclays cut their price objective on Baidu from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.36.

Baidu Stock Down 0.8 %

BIDU stock opened at $88.28 on Tuesday. Baidu, Inc. has a twelve month low of $79.68 and a twelve month high of $126.23. The company has a market cap of $30.96 billion, a PE ratio of 11.63 and a beta of 0.51. The business’s 50-day simple moving average is $93.44 and its 200 day simple moving average is $93.93. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19.

About Baidu

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.