Eurizon Capital SGR S.p.A. Invests $601,000 in Baidu, Inc. $BIDU

Eurizon Capital SGR S.p.A. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,602 shares of the information services provider’s stock, valued at approximately $601,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Baidu during the first quarter worth approximately $334,000. EverSource Wealth Advisors LLC increased its stake in shares of Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after purchasing an additional 493 shares during the period. Guggenheim Capital LLC increased its stake in shares of Baidu by 53.3% during the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock worth $829,000 after purchasing an additional 3,362 shares during the period. First Trust Advisors LP increased its stake in shares of Baidu by 2.6% during the second quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after purchasing an additional 1,259 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of Baidu during the second quarter worth approximately $254,000.

Baidu Price Performance

Baidu stock opened at $132.68 on Thursday. The stock’s fifty day moving average price is $125.29 and its two-hundred day moving average price is $129.62. Baidu, Inc. has a one year low of $83.30 and a one year high of $165.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $45.14 billion, a PE ratio of -1,105.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BIDU shares. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane started coverage on Baidu in a research note on Wednesday, April 1st. They set an “outperform” rating and a $161.00 target price on the stock. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Morgan Stanley increased their target price on Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. Finally, UBS Group reiterated a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.