17,556 Shares in Baidu, Inc. $BIDU Bought by Myriad Asset Management Advisors LLC

Myriad Asset Management Advisors LLC bought a new position in Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,556 shares of the information services provider’s stock, valued at approximately $2,294,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Keel Point LLC boosted its position in shares of Baidu by 1.7% in the third quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after buying an additional 84 shares during the period. PDS Planning Inc boosted its position in shares of Baidu by 5.7% in the fourth quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock worth $213,000 after buying an additional 88 shares during the period. Signaturefd LLC boosted its position in shares of Baidu by 8.4% in the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after buying an additional 99 shares during the period. State of Wyoming boosted its position in shares of Baidu by 13.2% in the third quarter. State of Wyoming now owns 857 shares of the information services provider’s stock worth $113,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Baidu by 11.6% in the third quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after buying an additional 108 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on BIDU shares. BNP Paribas Exane started coverage on Baidu in a research report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price for the company. Susquehanna raised their target price on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Nomura raised their target price on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Morgan Stanley raised their target price on Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.58.

Baidu Price Performance

BIDU opened at $117.48 on Thursday. The stock has a market cap of $39.97 billion, a price-to-earnings ratio of -978.92, a PEG ratio of 2.07 and a beta of 0.54. Baidu, Inc. has a 1 year low of $83.30 and a 1 year 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. The stock has a fifty day moving average price of $126.51 and a 200 day moving average price of $129.91.

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.