Coldstream Capital Management Inc. Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Coldstream Capital Management Inc. bought a new position in Baidu, Inc. (NASDAQ:BIDU) during the third quarter, Holdings Channel reports. The firm bought 6,205 shares of the information services provider’s stock, valued at approximately $653,000.

Several other large investors have also added to or reduced their stakes in BIDU. Primecap Management Co. CA grew its stake in shares of Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock worth $1,276,521,000 after acquiring an additional 176,150 shares in the last quarter. Sanders Capital LLC grew its position in Baidu by 0.7% in the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after purchasing an additional 18,334 shares in the last quarter. Federated Hermes Inc. increased its stake in Baidu by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider’s stock valued at $162,976,000 after buying an additional 67,331 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Baidu by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider’s stock worth $116,263,000 after buying an additional 14,878 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in shares of Baidu by 15.6% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock worth $130,221,000 after buying an additional 166,618 shares during the last quarter.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research analyst reports. Citigroup decreased their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Dbs Bank cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Hsbc Global Res downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Finally, Jefferies Financial Group cut their target price on shares of Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Up 0.6 %

BIDU opened at $90.82 on Friday. The firm has a market capitalization of $31.85 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a one year low of $78.95 and a one year high of $120.25. The company has a fifty day moving average price of $90.51 and a 200-day moving average price of $90.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19.

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.