Banco Santander S.A. Has $6.87 Million Stake in Baidu, Inc. (NASDAQ:BIDU)

Banco Santander S.A. raised its stake in Baidu, Inc. (NASDAQ:BIDUGet Rating) by 1,626.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,912 shares of the information services provider’s stock after buying an additional 48,905 shares during the quarter. Banco Santander S.A.’s holdings in Baidu were worth $6,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BIDU. Hardy Reed LLC bought a new stake in shares of Baidu in the first quarter worth about $30,000. FourThought Financial LLC increased its holdings in shares of Baidu by 61.7% in the first quarter. FourThought Financial LLC now owns 359 shares of the information services provider’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Baidu in the first quarter worth about $52,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Baidu in the fourth quarter worth about $60,000. Finally, UMB Bank N A MO bought a new stake in shares of Baidu in the fourth quarter worth about $60,000. Institutional investors and hedge funds own 71.75% of the company’s stock.

Analyst Upgrades and Downgrades

BIDU has been the subject of several recent analyst reports. HSBC lowered their price target on Baidu from $195.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 8th. Mizuho decreased their price objective on Baidu from $300.00 to $285.00 in a report on Monday, May 2nd. Benchmark decreased their price objective on Baidu from $330.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 27th. JPMorgan Chase & Co. increased their price objective on Baidu from $145.00 to $160.00 in a report on Monday, July 18th. Finally, The Goldman Sachs Group began coverage on Baidu in a report on Sunday, April 10th. They set a “buy” rating and a $240.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and an average price target of $232.06.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $137.82 on Friday. Baidu, Inc. has a 52 week low of $101.62 and a 52 week high of $182.60. The stock has a market capitalization of $47.62 billion, a PE ratio of -18.43, a price-to-earnings-growth ratio of 1.30 and a beta of 0.70. The stock has a 50 day moving average price of $143.92 and a 200 day moving average price of $141.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.10 and a current ratio of 3.10.

About Baidu

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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