GSA Capital Partners LLP Has $512,000 Position in Baidu, Inc. (NASDAQ:BIDU)

GSA Capital Partners LLP increased its position in Baidu, Inc. (NASDAQ:BIDU) by 40.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,859 shares of the information services provider’s stock after buying an additional 1,396 shares during the quarter. GSA Capital Partners LLP’s holdings in Baidu were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guinness Asset Management LTD increased its stake in shares of Baidu by 4.4% in the second quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after buying an additional 100 shares during the period. Grove Bank & Trust increased its stake in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 shares during the period. Blue Trust Inc. increased its position in Baidu by 9.0% during the 2nd 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 during the period. Advisors Asset Management Inc. increased its position in Baidu by 8.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 196 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in Baidu during the 1st quarter valued at approximately $31,000.

Baidu Price Performance

Shares of BIDU opened at $86.02 on Wednesday. Baidu, Inc. has a 12-month low of $79.68 and a 12-month high of $126.23. The business’s fifty day moving average is $93.76 and its 200 day moving average is $93.01. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.16 billion, a P/E ratio of 11.33 and a beta of 0.51.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. HSBC downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Tuesday, September 24th. Barclays decreased their target price on shares of Baidu from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital decreased their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Finally, Hsbc Global Res cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.29.

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.