Optimum Investment Advisors Has $167,000 Position in Baidu Inc (BIDU)

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Optimum Investment Advisors decreased its position in shares of Baidu Inc (NASDAQ:BIDU) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,050 shares of the information services provider’s stock after selling 200 shares during the period. Optimum Investment Advisors’ holdings in Baidu were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Personal Financial Services boosted its stake in Baidu by 70.7% in the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Regal Wealth Group Inc. bought a new stake in shares of Baidu in the fourth quarter valued at approximately $32,000. Private Capital Group LLC raised its position in shares of Baidu by 159.6% in the fourth quarter. Private Capital Group LLC now owns 283 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 174 shares during the period. Atlas Capital Advisors LLC raised its position in shares of Baidu by 443.5% in the fourth quarter. Atlas Capital Advisors LLC now owns 337 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 275 shares during the period. Finally, CX Institutional raised its position in shares of Baidu by 5,071.4% in the fourth quarter. CX Institutional now owns 362 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.

BIDU stock opened at $168.06 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66. Baidu Inc has a one year low of $153.78 and a one year high of $284.22. The company has a market capitalization of $59.52 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.03 and a beta of 1.52.

BIDU has been the topic of several research reports. HSBC initiated coverage on shares of Baidu in a research report on Wednesday, December 12th. They issued a “buy” rating and a $213.00 price target on the stock. UBS Group set a $220.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Friday, November 2nd. Credit Suisse Group set a $246.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Wednesday, October 31st. Benchmark decreased their target price on shares of Baidu from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Finally, Deutsche Bank set a $369.00 target price on shares of Baidu and gave the stock a “buy” rating in a report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $252.87.

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Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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