27,700 Shares in Baidu, Inc. (NASDAQ:BIDU) Purchased by Tejara Capital Ltd

Tejara Capital Ltd purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,700 shares of the information services provider’s stock, valued at approximately $2,335,000. Baidu accounts for approximately 1.5% of Tejara Capital Ltd’s investment portfolio, making the stock its 19th largest holding.

A number of other large investors have also recently made changes to their positions in BIDU. Rialto Wealth Management LLC purchased a new stake in Baidu in the 4th quarter valued at about $42,000. Sycomore Asset Management bought a new position in shares of Baidu during the 4th quarter worth approximately $51,000. World Investment Advisors LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $72,000. Transamerica Financial Advisors Inc. acquired a new position in Baidu during the 3rd quarter valued at approximately $82,000. Finally, Denver PWM LLC increased its stake in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Nomura Securities downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Nomura downgraded shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Finally, Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Baidu presently has an average rating of “Hold” and an average target price of $111.25.

Baidu Trading Up 9.0 %

Shares of Baidu stock opened at $102.27 on Tuesday. The company has a market capitalization of $35.86 billion, a P/E ratio of 11.15, a P/E/G ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The business has a 50 day moving average price of $88.72 and a 200 day moving average price of $89.57.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.