Baidu, Inc. (NASDAQ:BIDU) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its stake in Baidu, Inc. (NASDAQ:BIDU) by 146.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,698 shares of the information services provider’s stock after acquiring an additional 5,763 shares during the quarter. Virtu Financial LLC’s holdings in Baidu were worth $818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Baidu during the 4th quarter worth about $42,000. Sycomore Asset Management purchased a new stake in shares of Baidu in the 4th quarter valued at approximately $51,000. Transamerica Financial Advisors Inc. acquired a new position in Baidu in the 3rd quarter worth approximately $82,000. Denver PWM LLC grew its position in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Baidu in the third quarter valued at $201,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BIDU. Barclays lifted their price target on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Susquehanna downgraded Baidu from a “positive” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $85.00 in a report on Monday, November 25th. Sanford C. Bernstein restated a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Baidu in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.25.

Baidu Price Performance

NASDAQ BIDU opened at $95.87 on Tuesday. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a fifty day simple moving average of $90.41 and a 200 day simple moving average of $90.04. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.62 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.96 and a beta of 0.47.

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.