Virtu Financial LLC Increases Position in Baidu, Inc. (NASDAQ:BIDU)

Virtu Financial LLC boosted its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 146.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,698 shares of the information services provider's stock after buying an additional 5,763 shares during the quarter. Virtu Financial LLC's holdings in Baidu were worth $818,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Rialto Wealth Management LLC purchased a new stake in shares of Baidu during the fourth quarter worth about $42,000. Sycomore Asset Management purchased a new stake in Baidu in the 4th quarter worth approximately $51,000. World Investment Advisors LLC acquired a new position in Baidu in the 3rd quarter valued at $72,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Baidu during the 3rd quarter worth $82,000. Finally, Denver PWM LLC grew its position 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 valued at $104,000 after purchasing an additional 220 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BIDU shares. Barclays increased their target price on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered shares of Baidu from an "overweight" rating to a "neutral" rating in a report on Wednesday, November 27th. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Finally, Mizuho lifted their price target on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $111.25.

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Baidu Stock Up 0.9 %

NASDAQ:BIDU traded up $0.92 during trading hours on Thursday, hitting $98.42. The stock had a trading volume of 3,719,189 shares, compared to its average volume of 3,959,724. The company has a market cap of $34.51 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The business has a 50 day simple moving average of $91.40 and a two-hundred day simple moving average of $90.25. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

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.