Avantax Advisory Services Inc. Purchases 3,415 Shares of Baidu, Inc. (NASDAQ:BIDU)

Avantax Advisory Services Inc. lifted its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 60.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the information services provider's stock after purchasing an additional 3,415 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Baidu were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BIDU. Rialto Wealth Management LLC bought a new stake in shares of Baidu during the fourth quarter valued at approximately $42,000. Sycomore Asset Management purchased a new stake in Baidu during the 4th quarter valued at $51,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu in the 3rd quarter worth $82,000. Denver PWM LLC raised its stake in shares of Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after purchasing an additional 220 shares during the last quarter. Finally, Banco Santander S.A. bought a new position in shares of Baidu during the third quarter valued at $201,000.

Baidu Price Performance

NASDAQ BIDU traded up $1.33 during trading hours on Monday, reaching $95.87. The company's stock had a trading volume of 3,222,194 shares, compared to its average volume of 3,966,144. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The firm's 50-day moving average price is $90.06 and its 200-day moving average price is $89.95. The company has a market capitalization of $33.62 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.96 and a beta of 0.47.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BIDU shares. Benchmark reissued a "buy" rating and issued a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered shares of Baidu from an "overweight" rating to a "neutral" rating in a research report on Wednesday, November 27th. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Nomura cut shares of Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Nomura Securities cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $111.25.

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.