Marathon Trading Investment Management LLC Boosts Stake in Baidu, Inc. $BIDU

Marathon Trading Investment Management LLC lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 64.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,400 shares of the information services provider’s stock after acquiring an additional 2,500 shares during the period. Marathon Trading Investment Management LLC’s holdings in Baidu were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BIDU. Creekmur Asset Management LLC purchased a new position in shares of Baidu during the 1st quarter valued at about $29,000. Assetmark Inc. lifted its holdings in shares of Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock worth $30,000 after acquiring an additional 192 shares during the last quarter. CX Institutional boosted its stake in shares of 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. Parallel Advisors LLC grew its holdings 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 valued at $80,000 after purchasing an additional 136 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Baidu by 1,166.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the information services provider’s stock worth $84,000 after purchasing an additional 898 shares during the period.

Baidu Trading Down 0.9%

Shares of BIDU opened at $125.96 on Friday. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $149.51. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $123.37 and its 200-day moving average price is $100.14. The firm has a market capitalization of $43.51 billion, a price-to-earnings ratio of 11.61 and a beta of 0.43.

Analyst Upgrades and Downgrades

BIDU has been the topic of a number of recent research reports. Dbs Bank raised Baidu from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $177.00 in a research note on Thursday, September 25th. Citigroup restated a “buy” rating on shares of Baidu in a report on Monday, October 13th. Jefferies Financial Group raised their target price on shares of Baidu from $108.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. 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 report on Tuesday, September 16th. Finally, Zacks Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Baidu has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Baidu 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.