Capital World Investors Has $154.55 Million Stake in Baidu, Inc. $BIDU

Capital World Investors boosted its position in Baidu, Inc. (NASDAQ:BIDU) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,182,857 shares of the information services provider’s stock after buying an additional 205,040 shares during the period. Capital World Investors owned approximately 0.34% of Baidu worth $154,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Binnacle Investments Inc acquired a new position in shares of Baidu during the second quarter valued at about $29,000. Ameritas Advisory Services LLC raised its holdings in shares of Baidu by 12,400.0% during the third 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 acquired a new position in shares of Baidu during the fourth quarter valued at about $59,000. Sycomore Asset Management acquired a new position in shares of Baidu during the third quarter valued at about $79,000. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Baidu during the third quarter valued at about $80,000.

Baidu Stock Performance

Shares of Baidu stock opened at $119.10 on Tuesday. The company has a market cap of $40.52 billion, a PE ratio of -992.42, a price-to-earnings-growth ratio of 2.08 and a beta of 0.54. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30. The business has a 50 day moving average price of $126.04 and a 200-day moving average price of $129.82. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22.

More Baidu News

Here are the key news stories impacting Baidu this week:

• Negative Sentiment: The U.S. Department of Defense designated Baidu as a Chinese Military Company, increasing geopolitical and regulatory risk for the stock. Baidu Responds to Inclusion on U.S. CMC List
• Negative Sentiment: The Pentagon’s broader action against Chinese tech firms may weigh on Baidu by raising concerns about possible U.S. contracting limits and further policy actions. Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
• Neutral Sentiment: Baidu rejected the designation and said it does not believe the listing should have any business impact, which may soften investor concern if the company can avoid tangible restrictions. Baidu Responds to Inclusion on US CMC List

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BIDU. Morgan Stanley upped their price objective on shares of Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. BNP Paribas Exane began coverage on shares of Baidu in a report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price objective on the stock. Weiss Ratings downgraded shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Zacks Research downgraded Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.