O Shaughnessy Asset Management LLC Buys 124 Shares of Baidu, Inc. (NASDAQ:BIDU)

Defense World · Nov 26, 2022 20:12

O Shaughnessy Asset Management LLC grew its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,275 shares of the information services provider's stock after acquiring an additional 124 shares during the period. O Shaughnessy Asset Management LLC's holdings in Baidu were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BIDU. E Fund Management Hong Kong Co. Ltd. raised its stake in Baidu by 134.8% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 162,243 shares of the information services provider's stock worth $21,586,000 after buying an additional 93,158 shares in the last quarter. National Asset Management Inc. raised its stake in Baidu by 19.7% in the first quarter. National Asset Management Inc. now owns 2,845 shares of the information services provider's stock worth $378,000 after buying an additional 468 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Baidu by 22.0% in the first quarter. Envestnet Asset Management Inc. now owns 52,283 shares of the information services provider's stock worth $6,917,000 after buying an additional 9,438 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Baidu by 12.8% in the first quarter. Commonwealth Equity Services LLC now owns 31,359 shares of the information services provider's stock worth $4,148,000 after buying an additional 3,558 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Baidu by 1.3% in the first quarter. Victory Capital Management Inc. now owns 252,530 shares of the information services provider's stock worth $32,814,000 after buying an additional 3,217 shares in the last quarter. Institutional investors own 26.55% of the company's stock.

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Baidu Price Performance

Shares of BIDU opened at $93.36 on Friday. The firm has a market capitalization of $32.26 billion, a PE ratio of 57.28, a price-to-earnings-growth ratio of 0.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. Baidu, Inc. has a 1-year low of $73.58 and a 1-year high of $171.87. The company's fifty day moving average price is $100.99 and its 200-day moving average price is $125.14.

Analysts Set New Price Targets

A number of brokerages recently commented on BIDU. The Goldman Sachs Group reduced their price objective on shares of Baidu from $184.00 to $176.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Baidu from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $160.00 to $200.00 in a research note on Wednesday, August 31st. KGI Securities downgraded Baidu from an "outperform" rating to a "neutral" rating in a research report on Monday, October 24th. StockNews.com raised Baidu from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Susquehanna Bancshares reduced their price target on Baidu from $200.00 to $195.00 and set a "positive" rating on the stock in a research report on Monday, September 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $179.88.

Baidu Company Profile

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Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

O Shaughnessy Asset Management LLC Buys 124 Shares of Baidu, Inc. (NASDAQ:BIDU)

Baidu Price Performance

Analysts Set New Price Targets

Baidu Company Profile

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