Clearline Capital LP Has $16.13 Million Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

Clearline Capital LP boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 516.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 186,562 shares of the information services provider’s stock after buying an additional 156,299 shares during the period. Baidu makes up approximately 0.4% of Clearline Capital LP’s holdings, making the stock its 23rd biggest holding. Clearline Capital LP owned 0.05% of Baidu worth $16,134,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of Baidu by 0.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after buying an additional 99 shares during the period. Guinness Asset Management LTD grew its stake in shares of Baidu by 4.4% during the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after acquiring an additional 100 shares in the last quarter. Beacon Financial Group raised its holdings in shares of Baidu by 7.2% in the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 128 shares during the last quarter. Ignite Planners LLC boosted its holdings in Baidu by 3.8% during the first quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after purchasing an additional 139 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Baidu by 9.0% in the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after purchasing an additional 171 shares in the last quarter.

Baidu Trading Up 2.5 %

Shares of NASDAQ:BIDU opened at $105.17 on Friday. The stock has a market cap of $36.88 billion, a PE ratio of 14.08 and a beta of 0.48. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 12-month low of $79.68 and a 12-month high of $136.53. The business has a 50 day moving average of $86.79 and a 200-day moving average of $95.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Benchmark dropped their target price on Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Loop Capital lowered their price target on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. HSBC downgraded Baidu from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday, September 24th. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Baidu presently has an average rating of “Moderate Buy” and a consensus price target of $132.13.

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.