8,491 Shares in Baidu, Inc. $BIDU Bought by Aureus Asset Management LLC

Aureus Asset Management LLC acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 1st quarter, Holdings Channel.com reports. The fund acquired 8,491 shares of the information services provider’s stock, valued at approximately $946,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Baidu by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after acquiring an additional 73 shares during the period. PDS Planning Inc boosted its holdings in shares of Baidu by 5.7% during the fourth quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock worth $213,000 after purchasing an additional 88 shares during the period. UMB Bank n.a. grew its stake in Baidu by 25.9% in the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 88 shares in the last quarter. Signaturefd LLC increased its stake in shares of Baidu by 8.4% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after purchasing an additional 99 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Baidu by 35.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 105 shares in the last quarter.

More Baidu News

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Baidu announced it is moving ahead with a conversion of its Hong Kong secondary listing into a dual-primary listing, a step that could improve trading flexibility, broaden its investor base, and strengthen its capital-markets profile. Baidu Provides Update on Voluntary Conversion to Dual-Primary Listing
• Positive Sentiment: J.P. Morgan reportedly initiated a bullish view on Baidu’s Hong Kong-listed shares, which may support sentiment around the company’s AI and internet businesses. Baidu, Inc. Class A (9888) Gets a Buy from J.P. Morgan

Baidu Stock Down 0.6%

Shares of BIDU opened at $107.52 on Thursday. The stock has a market capitalization of $36.58 billion, a PE ratio of -895.93, a P/E/G ratio of 2.34 and a beta of 0.56. The firm’s 50 day moving average is $119.62 and its 200-day moving average is $127.73. Baidu, Inc. has a 12 month low of $84.64 and a 12 month high of $165.30. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays cut their price target on Baidu from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. Susquehanna increased their price target on shares of Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. Nomura increased their price target on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Morgan Stanley increased their price target on Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Baidu has an average rating of “Moderate Buy” and an average target price of $165.33.

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.