4,406 Shares in Baidu, Inc. $BIDU Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,406 shares of the information services provider’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Baidu by 79.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,584 shares of the information services provider’s stock valued at $604,000 after acquiring an additional 2,035 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Baidu in the third quarter valued at $273,000. Investment House LLC acquired a new stake in shares of Baidu in the third quarter worth $791,000. ARGA Investment Management LP purchased a new position in shares of Baidu during the third quarter valued at $40,017,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Baidu during the third quarter valued at $9,328,000.

Baidu Price Performance

NASDAQ BIDU opened at $157.51 on Friday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $165.30. The stock’s 50-day moving average is $134.36 and its two-hundred day moving average is $118.68. The firm has a market cap of $54.41 billion, a P/E ratio of 52.33 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BIDU shares. Deutsche Bank Aktiengesellschaft upgraded Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, November 6th. National Bankshares raised shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. Nomura increased their target price on shares of Baidu from $178.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday. Susquehanna restated a “neutral” rating and set a $110.00 price target on shares of Baidu in a report on Monday, November 24th. Finally, Bank of America increased their price objective on Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.78.

About Baidu

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.