Dymon Asia Capital Singapore PTE. LTD. Buys New Shares in Baidu, Inc. $BIDU

Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDUFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 37,771 shares of the information services provider’s stock, valued at approximately $4,935,000. Baidu comprises approximately 0.5% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 17th biggest holding.

Other large investors have also recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Baidu during the 4th quarter valued at $2,626,000. Yarbrough Capital LLC acquired a new position in Baidu during the 4th quarter valued at $1,697,000. Earnest Partners LLC raised its stake in Baidu by 21.9% during the 3rd quarter. Earnest Partners LLC now owns 818,930 shares of the information services provider’s stock valued at $107,910,000 after purchasing an additional 146,992 shares during the last quarter. ARK Investment Management LLC raised its stake in Baidu by 72.7% during the 3rd quarter. ARK Investment Management LLC now owns 508,388 shares of the information services provider’s stock valued at $66,990,000 after purchasing an additional 213,941 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in Baidu during the 4th quarter valued at $33,727,000.

Baidu Trading Down 0.3%

Shares of Baidu stock opened at $115.77 on Friday. The company’s fifty day moving average price is $126.68 and its two-hundred day moving average price is $129.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. Baidu, Inc. has a 52-week low of $83.30 and a 52-week high of $165.30. The firm has a market capitalization of $39.39 billion, a PE ratio of -964.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BIDU. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Susquehanna boosted their price target on shares of Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Zephirin Group boosted their price target on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a report on Monday, March 2nd. Benchmark reissued a “buy” rating and issued a $215.00 price target on shares of Baidu in a report on Tuesday, May 19th. Finally, BNP Paribas Exane began coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

View Our Latest Report on Baidu

Baidu Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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