Havemeyer Place LP Takes $1.04 Million Position in Baidu, Inc. $BIDU

Havemeyer Place LP purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,987 shares of the information services provider’s stock, valued at approximately $1,044,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. RPD Fund Management LLC grew its position in Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after acquiring an additional 777,570 shares during the last quarter. Schroder Investment Management Group bought a new position in Baidu during the 3rd quarter worth approximately $165,334,000. Bank of America Corp DE grew its position in Baidu by 106.7% during the 3rd quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock worth $148,804,000 after acquiring an additional 582,832 shares during the last quarter. Capital World Investors grew its position in Baidu by 0.5% during the 3rd quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock worth $128,847,000 after acquiring an additional 5,343 shares during the last quarter. Finally, Contrarius Group Holdings Ltd grew its position in Baidu by 500.3% during the 3rd quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock worth $117,506,000 after acquiring an additional 743,205 shares during the last quarter.

Analyst Ratings Changes

BIDU has been the topic of several recent research reports. Susquehanna raised their price target on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Morgan Stanley raised their price target on Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Nomura raised their price target on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Benchmark restated a “buy” rating and set a $215.00 price target on shares of Baidu in a research report on Tuesday, May 19th. Finally, BNP Paribas Exane assumed coverage on Baidu in a research report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price target on the stock. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.58.

Baidu Stock Performance

BIDU opened at $121.66 on Monday. The stock has a market cap of $41.39 billion, a PE ratio of -1,013.75, a PEG ratio of 2.08 and a beta of 0.54. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $125.85 and a 200-day moving average of $129.81. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30.

Baidu 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.