DCF Advisers LLC Purchases 9,750 Shares of Baidu, Inc. (NASDAQ:BIDU)

DCF Advisers LLC boosted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 48.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the information services provider’s stock after buying an additional 9,750 shares during the period. Baidu makes up about 1.3% of DCF Advisers LLC’s investment portfolio, making the stock its 21st largest position. DCF Advisers LLC’s holdings in Baidu were worth $2,594,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BIDU. Primecap Management Co. CA raised its holdings in Baidu by 17.2% in the 2nd quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock valued at $1,033,238,000 after acquiring an additional 1,753,577 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Baidu by 49.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,018,685 shares of the information services provider’s stock valued at $107,247,000 after acquiring an additional 338,110 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Baidu by 139.3% in the fourth quarter. Hsbc Holdings PLC now owns 536,748 shares of the information services provider’s stock worth $63,907,000 after purchasing an additional 312,467 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Baidu by 103.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 582,475 shares of the information services provider’s stock worth $51,192,000 after buying an additional 295,700 shares during the period. Finally, XY Capital Ltd acquired a new stake in shares of Baidu during the second quarter worth about $23,880,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BIDU shares. Bank of America dropped their price objective on shares of Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Barclays reduced their price objective on Baidu from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Benchmark reduced their target price on shares of Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Loop Capital reduced 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. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.13.

Baidu Stock Performance

Shares of BIDU stock opened at $87.02 on Friday. The business’s 50-day moving average price is $86.54 and its 200-day moving average price is $95.36. Baidu, Inc. has a 12 month low of $79.68 and a 12 month high of $136.53. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 11.65 and a beta of 0.48.

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.