26,400 Shares in Baidu, Inc. $BIDU Acquired by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd bought a new stake in Baidu, Inc. (NASDAQ:BIDU) in the third quarter, HoldingsChannel reports. The fund bought 26,400 shares of the information services provider’s stock, valued at approximately $3,479,000. Baidu accounts for 2.2% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 17th biggest position.

A number of other large investors also recently bought and sold shares of BIDU. Blue Trust Inc. raised its position in shares of Baidu by 2.0% in the 3rd quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock worth $577,000 after buying an additional 85 shares during the period. State of Wyoming raised its holdings in shares of Baidu by 13.2% in the 3rd quarter. State of Wyoming now owns 857 shares of the information services provider’s stock worth $113,000 after purchasing an additional 100 shares during the period. Silver Oak Securities Incorporated raised its holdings in shares of Baidu by 4.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock worth $391,000 after purchasing an additional 114 shares during the period. UMB Bank n.a. lifted its stake in shares of Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 134 shares in the last quarter. Finally, Guinness Asset Management LTD grew its holdings in shares of Baidu by 5.1% during the 3rd quarter. Guinness Asset Management LTD now owns 2,904 shares of the information services provider’s stock worth $392,000 after purchasing an additional 142 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a research note on Monday, December 29th. China Renaissance raised Baidu from a “hold” rating to a “buy” rating and upped their price target for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Barclays increased their price objective on shares of Baidu from $100.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Baidu has an average rating of “Moderate Buy” and an average target price of $157.05.

Baidu Trading Up 5.0%

NASDAQ:BIDU opened at $145.93 on Monday. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $165.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a market cap of $50.41 billion, a PE ratio of 48.48 and a beta of 0.32. The stock’s 50-day moving average is $137.80 and its two-hundred day moving average is $121.44.

Baidu Company Profile

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.