Unique Wealth Strategies LLC Purchases New Position in Baidu, Inc. (NASDAQ:BIDU)

Unique Wealth Strategies LLC acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,618 shares of the information services provider’s stock, valued at approximately $669,000.

Several other hedge funds also recently modified their holdings of BIDU. CWM LLC raised its holdings in shares of Baidu by 8.7% in the third quarter. CWM LLC now owns 1,591 shares of the information services provider’s stock valued at $214,000 after buying an additional 127 shares during the last quarter. Caprock Group LLC acquired a new stake in Baidu in the 3rd quarter valued at about $344,000. Commonwealth Equity Services LLC raised its stake in shares of Baidu by 2.6% in the third quarter. Commonwealth Equity Services LLC now owns 31,478 shares of the information services provider’s stock worth $4,229,000 after acquiring an additional 794 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Baidu during the third quarter worth approximately $2,086,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Baidu by 87.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,190,389 shares of the information services provider’s stock valued at $159,929,000 after purchasing an additional 556,891 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BIDU. HSBC cut their price target on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays lowered their price target on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Citigroup reduced their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

Baidu Stock Up 0.6 %

NASDAQ BIDU traded up $0.62 during trading hours on Friday, reaching $100.52. 4,816,699 shares of the company’s stock were exchanged, compared to its average volume of 2,670,415. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 13.02 and a beta of 0.68. The company’s 50-day moving average is $103.06 and its two-hundred day moving average is $108.72. Baidu, Inc. has a one year low of $94.25 and a one year high of $156.98.

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.