Ieq Capital LLC Acquires 264 Shares of Baidu, Inc. (NASDAQ:BIDU)

Posted by on Jul 27th, 2023

Ieq Capital LLC lifted its holdings in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,015 shares of the information services provider’s stock after acquiring an additional 264 shares during the period. Ieq Capital LLC’s holdings in Baidu were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ARGA Investment Management LP lifted its stake in shares of Baidu by 11.0% during the fourth quarter. ARGA Investment Management LP now owns 3,415,956 shares of the information services provider’s stock worth $390,252,000 after buying an additional 337,153 shares during the period. Ariel Investments LLC increased its stake in shares of Baidu by 9.7% during the fourth quarter. Ariel Investments LLC now owns 2,852,898 shares of the information services provider’s stock worth $326,314,000 after purchasing an additional 251,451 shares in the last quarter. Morgan Stanley boosted its position in Baidu by 88.2% during the fourth quarter. Morgan Stanley now owns 2,631,331 shares of the information services provider’s stock worth $300,972,000 after acquiring an additional 1,232,917 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Baidu by 28.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,526,264 shares of the information services provider’s stock worth $288,954,000 after acquiring an additional 555,221 shares during the last quarter. Finally, Axiom Investors LLC DE boosted its holdings in Baidu by 66.6% in the 4th quarter. Axiom Investors LLC DE now owns 2,468,502 shares of the information services provider’s stock valued at $282,347,000 after purchasing an additional 986,939 shares during the last quarter. Institutional investors own 20.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BIDU. OTR Global raised shares of Baidu to a “positive” rating in a research note on Thursday, May 11th. HSBC increased their price objective on shares of Baidu from $165.00 to $168.00 in a research report on Wednesday, May 17th. Daiwa Capital Markets upped their target price on shares of Baidu from $200.00 to $215.00 in a report on Monday, April 3rd. UBS Group decreased their price target on shares of Baidu from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 21st. Finally, StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Baidu Stock Performance

Shares of BIDU opened at $149.57 on Thursday. Baidu, Inc. has a 1 year low of $73.58 and a 1 year high of $160.88. The company has a market cap of $51.68 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 0.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a fifty day moving average of $137.48 and a 200-day moving average of $137.62.

Baidu Profile

(Free Report)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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