37,771 Shares in Baidu, Inc. $BIDU Acquired by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,771 shares of the information services provider’s stock, valued at approximately $4,935,000. Baidu accounts for approximately 0.5% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also made changes to their positions in BIDU. Empowered Funds LLC acquired a new stake in shares of Baidu during the first quarter worth approximately $334,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after purchasing an additional 493 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Baidu by 53.3% during the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock worth $829,000 after purchasing an additional 3,362 shares during the period. First Trust Advisors LP boosted its holdings in shares of Baidu by 2.6% during the second quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after purchasing an additional 1,259 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Baidu during the second quarter worth approximately $254,000.

Baidu Stock Down 0.3%

BIDU stock opened at $115.77 on Friday. 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, Inc. has a 1 year low of $83.30 and a 1 year high of $165.30. The company has a fifty day simple moving average of $126.68 and a 200 day simple moving average of $129.85. The firm has a market cap of $39.39 billion, a PE ratio of -964.67, a PEG ratio of 1.98 and a beta of 0.54.

Analyst Upgrades and Downgrades

Several research firms recently commented on BIDU. Barclays decreased their price target on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Susquehanna boosted their target price on shares of Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 18th. BNP Paribas Exane began coverage on shares of Baidu in a report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price target on the stock. Finally, Nomura lifted their price objective on shares of Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

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.