Capital Investment Counsel Inc Makes New $265,000 Investment in Baidu, Inc. (NASDAQ:BIDU)

Capital Investment Counsel Inc acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,225 shares of the information services provider’s stock, valued at approximately $265,000.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in Baidu by 2.6% in the 3rd 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 period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Baidu in the third quarter valued at $2,086,000. Robeco Institutional Asset Management B.V. lifted its position in 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 worth $159,929,000 after buying an additional 556,891 shares during the period. FinTrust Capital Advisors LLC lifted its position in Baidu by 49.5% during the third quarter. FinTrust Capital Advisors LLC now owns 3,064 shares of the information services provider’s stock worth $412,000 after buying an additional 1,014 shares during the period. Finally, Raymond James & Associates boosted its stake in Baidu by 6.7% in the 3rd quarter. Raymond James & Associates now owns 5,996 shares of the information services provider’s stock worth $806,000 after buying an additional 375 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BIDU. Citigroup cut their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Barclays lowered their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, HSBC reduced their target price on Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.64.

Baidu Stock Performance

Shares of NASDAQ:BIDU opened at $106.17 on Tuesday. The business’s 50-day simple moving average is $103.04 and its 200 day simple moving average is $108.39. The company has a market cap of $37.23 billion, a P/E ratio of 13.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. Baidu, Inc. has a one year low of $94.25 and a one year high of $156.98.

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.