Signaturefd LLC Has $194,000 Position in Baidu, Inc. (NASDAQ:BIDU)

Signaturefd LLC decreased its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,846 shares of the information services provider’s stock after selling 487 shares during the period. Signaturefd LLC’s holdings in Baidu were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of Baidu in the 1st quarter valued at $31,000. iA Global Asset Management Inc. acquired a new stake in Baidu in the second quarter valued at about $52,000. Denver PWM LLC bought a new position in Baidu in the second quarter valued at about $67,000. Allspring Global Investments Holdings LLC raised its stake in Baidu by 630.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings 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 worth $77,000 after acquiring an additional 130 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Loop Capital decreased their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Benchmark lowered their price target on shares of Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Citigroup dropped their price target 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 lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, HSBC downgraded 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. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Baidu presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.36.

Baidu Stock Performance

Shares of BIDU opened at $89.79 on Monday. 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’s fifty day simple moving average is $92.27 and its two-hundred day simple moving average is $94.41. Baidu, Inc. has a 12 month low of $79.68 and a 12 month high of $126.23. The stock has a market capitalization of $31.48 billion, a P/E ratio of 12.02 and a beta of 0.49.

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.