Maytus Capital Management LLC Purchases 17,806 Shares of Baidu, Inc. $BIDU

Maytus Capital Management LLC boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 88.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,000 shares of the information services provider’s stock after acquiring an additional 17,806 shares during the quarter. Maytus Capital Management LLC’s holdings in Baidu were worth $4,965,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BIDU. Central Asset Investments & Management Holdings HK Ltd bought a new position in Baidu in the 4th quarter worth about $2,626,000. Yarbrough Capital LLC bought a new position in Baidu in the 4th quarter worth about $1,697,000. Earnest Partners LLC grew its stake in Baidu by 21.9% in the 3rd quarter. Earnest Partners LLC now owns 818,930 shares of the information services provider’s stock worth $107,910,000 after acquiring an additional 146,992 shares in the last quarter. TT International Asset Management LTD bought a new position in Baidu in the 4th quarter worth about $33,727,000. Finally, ARK Investment Management LLC grew its stake in Baidu by 72.7% in the 3rd quarter. ARK Investment Management LLC now owns 508,388 shares of the information services provider’s stock worth $66,990,000 after acquiring an additional 213,941 shares in the last quarter.

Baidu Price Performance

NASDAQ BIDU opened at $112.72 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50 day moving average price is $126.84 and its 200-day moving average price is $129.89. Baidu, Inc. has a 52-week low of $83.30 and a 52-week high of $165.30. The company has a market cap of $38.35 billion, a PE ratio of -939.26, a P/E/G ratio of 1.99 and a beta of 0.54.

Analysts Set New Price Targets

A number of equities analysts have commented on BIDU shares. Zephirin Group upped their target price on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research note on Monday, March 2nd. Benchmark restated a “buy” rating and issued a $215.00 target price on shares of Baidu in a research note on Tuesday, May 19th. Nomura upped their target price on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, BNP Paribas Exane started coverage on shares of Baidu in a research note on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.58.

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.