Baidu, Inc. $BIDU Shares Acquired by Matauro LLC

Matauro LLC lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,555 shares of the information services provider’s stock after acquiring an additional 242 shares during the quarter. Matauro LLC’s holdings in Baidu were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BIDU. Creekmur Asset Management LLC acquired a new position in shares of Baidu during the 1st quarter valued at $29,000. Assetmark Inc. increased its stake in 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 buying an additional 192 shares during the period. UMB Bank n.a. increased its stake in Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider’s stock worth $37,000 after buying an additional 179 shares during the period. CX Institutional purchased a new stake in Baidu during the 1st quarter worth $49,000. Finally, Parallel Advisors LLC increased its stake in 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 buying an additional 136 shares during the period.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $140.23 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $145.20. The firm has a 50-day simple moving average of $104.05 and a 200 day simple moving average of $93.23. The company has a market cap of $48.44 billion, a PE ratio of 12.92 and a beta of 0.42.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BIDU shares. Zacks Research raised shares of Baidu from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Nomura lifted their price target on shares of Baidu from $91.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Arete raised shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Tuesday, September 16th. Zephirin Group started coverage on shares of Baidu in a research report on Monday, September 15th. They issued a “sell” rating and a $92.00 target price for the company. Finally, Dbs Bank raised shares of Baidu from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $177.00 in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $122.42.

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.