Fideuram Asset Management Ireland dac Purchases Shares of 77,627 Baidu, Inc. $BIDU

Fideuram Asset Management Ireland dac purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 77,627 shares of the information services provider’s stock, valued at approximately $10,143,000. Baidu makes up about 0.7% of Fideuram Asset Management Ireland dac’s investment portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Baidu during the first quarter worth about $334,000. EverSource Wealth Advisors LLC increased its position in shares of Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after acquiring an additional 493 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Baidu by 53.3% during the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock worth $829,000 after acquiring an additional 3,362 shares in the last quarter. First Trust Advisors LP increased its position in shares of Baidu by 2.6% during the second quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Baidu during the second quarter worth about $254,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on BIDU. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Research downgraded shares of Baidu from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Weiss Ratings downgraded shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Zephirin Group boosted their target price on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research report on Monday, March 2nd. One equities 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Baidu Stock Up 1.6%

Baidu stock opened at $132.05 on Friday. Baidu, Inc. has a fifty-two week low of $81.17 and a fifty-two week high of $165.30. The stock has a market cap of $44.93 billion, a PE ratio of -1,100.32, a price-to-earnings-growth ratio of 2.19 and a beta of 0.53. The firm’s 50-day simple moving average is $123.94 and its 200 day simple moving average is $129.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85.

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.