Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $1.96 Million in Baidu, Inc. $BIDU

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the information services provider’s stock, valued at approximately $1,960,000.

Other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $29,000. 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 during the period. Ameritas Advisory Services LLC lifted its stake in shares of Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares during the period. Winthrop Capital Management LLC purchased a new stake in Baidu during the fourth quarter worth $59,000. Finally, Sycomore Asset Management purchased a new stake in Baidu during the third quarter worth $79,000.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $134.80 on Friday. 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 fifty day moving average of $125.73 and a 200 day moving average of $129.75. The firm has a market cap of $45.87 billion, a PE ratio of -1,123.24, a PEG ratio of 2.26 and a beta of 0.54. Baidu, Inc. has a one year low of $83.30 and a one year high of $165.30.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Baidu in a report on Tuesday, May 19th. Barclays lowered their target price on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. Zephirin Group raised their target price on Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research report on Monday, March 2nd. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Finally, Susquehanna increased their price target on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. One equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

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.