Creative Planning Has $4.16 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Creative Planning grew its stake in Baidu, Inc. (NASDAQ:BIDU) by 84.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,078 shares of the information services provider’s stock after acquiring an additional 22,020 shares during the period. Creative Planning’s holdings in Baidu were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BIDU. Clearline Capital LP raised its position in shares of Baidu by 516.5% during the second quarter. Clearline Capital LP now owns 186,562 shares of the information services provider’s stock worth $16,134,000 after acquiring an additional 156,299 shares during the last quarter. Annandale Capital LLC increased its position in Baidu by 10.7% in the second quarter. Annandale Capital LLC now owns 21,696 shares of the information services provider’s stock worth $1,876,000 after purchasing an additional 2,100 shares during the period. SIH Partners LLLP bought a new stake in Baidu during the 2nd quarter worth about $7,970,000. Susquehanna International Group Ltd. lifted its position in Baidu by 75.6% during the 2nd quarter. Susquehanna International Group Ltd. now owns 17,722 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 7,630 shares during the period. Finally, Scientech Research LLC bought a new position in shares of Baidu in the 2nd quarter valued at about $469,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Susquehanna reduced their price target on Baidu from $135.00 to $105.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Citigroup decreased their price objective on Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Dbs Bank cut Baidu from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Loop Capital lowered their price target on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average price target of $132.13.

Baidu Stock Up 1.1 %

Baidu stock opened at $110.46 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 1-year low of $79.68 and a 1-year high of $135.85. The company has a fifty day simple moving average of $88.84 and a 200 day simple moving average of $95.35. The company has a market cap of $38.73 billion, a P/E ratio of 14.79 and a beta of 0.49.

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.