Hel Ved Capital Management Ltd Purchases New Shares in Baidu, Inc. $BIDU

Hel Ved Capital Management Ltd purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 49,530 shares of the information services provider’s stock, valued at approximately $6,472,000. Baidu makes up 1.7% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 16th largest holding.

Other large investors have also added to or reduced their stakes in the company. Binnacle Investments Inc bought a new stake in Baidu in the second quarter valued at $29,000. Ameritas Advisory Services LLC boosted its holdings in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after buying an additional 372 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares in the last quarter. Winthrop Capital Management LLC bought a new stake in shares of Baidu during the 4th quarter valued at $59,000. Finally, Hollencrest Capital Management boosted its holdings in shares of Baidu by 2,500.0% during the 4th quarter. Hollencrest Capital Management now owns 520 shares of the information services provider’s stock valued at $68,000 after buying an additional 500 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on BIDU. Zacks Research cut shares of Baidu from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Susquehanna boosted their target price on shares of Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Weiss Ratings cut shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Nomura boosted their target price on shares of Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Zephirin Group boosted their target price on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Stock Performance

Shares of BIDU stock opened at $115.77 on Friday. The stock has a market cap of $39.39 billion, a PE ratio of -964.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The company’s fifty day moving average price is $126.68 and its 200-day moving average price is $129.85. Baidu, Inc. has a 12 month low of $83.30 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.

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.