Integrity Alliance LLC. Takes $810,000 Position in Baidu, Inc. $BIDU

Integrity Alliance LLC. bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,203 shares of the information services provider’s stock, valued at approximately $810,000.

A number of other hedge funds have also recently modified their holdings of the business. Keel Point LLC boosted its holdings in shares of Baidu by 1.7% during the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after buying an additional 84 shares in the last quarter. PDS Planning Inc boosted its holdings in shares of Baidu by 5.7% during the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC raised its position in shares of Baidu by 8.4% in 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. State of Wyoming raised its position in shares of Baidu by 13.2% in the 3rd quarter. State of Wyoming now owns 857 shares of the information services provider’s stock worth $113,000 after purchasing an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Baidu by 11.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after purchasing an additional 108 shares during the last quarter.

Analyst Upgrades and Downgrades

BIDU has been the subject of several analyst reports. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley raised their price target on shares of Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Barclays reduced their price target on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Nomura raised their price target on shares of Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane initiated coverage on shares of Baidu in a research report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price target for the company. One investment 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 data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average price target of $162.58.

Baidu Trading Up 1.6%

Baidu stock opened at $132.05 on Friday. The firm has a 50 day moving average of $123.94 and a 200 day moving average of $129.46. The firm has a market capitalization of $44.93 billion, a price-to-earnings ratio of -1,100.32, a P/E/G ratio of 2.19 and a beta of 0.53. Baidu, Inc. has a 12-month low of $81.17 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.

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.