Integrity Alliance LLC. bought a new position in Baidu, Inc. (NASDAQ:BIDU – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,203 shares of the information services provider’s stock, valued at approximately $810,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIDU. Binnacle Investments Inc purchased a new stake in Baidu in the 2nd quarter worth approximately $29,000. UMB Bank n.a. grew its holdings in Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after buying an additional 372 shares in the last quarter. Sycomore Asset Management purchased a new stake in Baidu during the 3rd quarter valued at approximately $79,000. Finally, Mondrian Investment Partners LTD purchased a new stake in Baidu during the 3rd quarter valued at approximately $80,000.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on BIDU. Benchmark reaffirmed a “buy” rating and set a $215.00 price objective on shares of Baidu in a report on Tuesday, May 19th. Morgan Stanley boosted their price target on shares of Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. Zephirin Group boosted their price target on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research note on Monday, March 2nd. China Renaissance raised Baidu from a “hold” rating to a “buy” rating and lifted their target price for the stock from $134.00 to $180.00 in a report on Tuesday, February 3rd. Finally, Susquehanna lifted their target price on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Baidu currently has an average rating of “Moderate Buy” and an average target price of $162.58.
Baidu Trading Up 1.6%
BIDU stock opened at $132.05 on Friday. The firm has a fifty day moving average price of $123.94 and a 200 day moving average price of $129.46. Baidu, Inc. has a fifty-two week low of $81.17 and a fifty-two week high of $165.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $44.93 billion, a PE ratio of -1,100.32, a price-to-earnings-growth ratio of 2.19 and a beta of 0.53.
About Baidu
Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.
Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.
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