Baidu, Inc. $BIDU Shares Acquired by Silphium Asset Management Ltd

Silphium Asset Management Ltd boosted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 44.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,030 shares of the information services provider’s stock after acquiring an additional 5,530 shares during the period. Silphium Asset Management Ltd’s holdings in Baidu were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. Winthrop Capital Management LLC acquired a new stake in shares of Baidu during the second quarter valued at $39,000. Mizuho Securities Co. Ltd. acquired a new position in Baidu in the 2nd quarter valued at about $43,000. CX Institutional lifted its holdings in Baidu by 34.1% in the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Baidu by 17.0% during the 2nd quarter. Parallel Advisors LLC now owns 935 shares of the information services provider’s stock worth $80,000 after purchasing an additional 136 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on BIDU shares. Citigroup restated a “buy” rating on shares of Baidu in a research report on Monday, October 13th. Daiwa Capital Markets set a $160.00 price objective on Baidu and gave the company a “buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $188.00 in a research note on Monday. Dbs Bank raised Baidu from a “hold” rating to a “buy” rating and raised their price target for the stock from $85.00 to $177.00 in a research note on Thursday, September 25th. Finally, The Goldman Sachs Group lifted their price target on Baidu from $154.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.95.

Baidu Stock Performance

NASDAQ BIDU opened at $117.88 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $149.51. The firm has a market capitalization of $40.72 billion, a P/E ratio of 10.86 and a beta of 0.43. The business’s 50-day simple moving average is $126.51 and its 200-day simple moving average is $102.91.

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.