Maytus Capital Management LLC increased its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 272.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the information services provider's stock after purchasing an additional 58,500 shares during the quarter. Baidu accounts for 2.4% of Maytus Capital Management LLC's investment portfolio, making the stock its 13th largest position. Maytus Capital Management LLC's holdings in Baidu were worth $6,745,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after buying an additional 227,338 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Baidu in the 4th quarter valued at about $558,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Ping Capital Management Inc. grew its holdings in shares of Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock worth $843,000 after buying an additional 7,500 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Baidu in the fourth quarter valued at approximately $2,202,000.
Baidu Trading Up 5.1%
Baidu stock opened at $91.27 on Tuesday. The business has a 50 day moving average price of $89.29 and a two-hundred day moving average price of $88.03. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37.
Wall Street Analyst Weigh In
Several brokerages have weighed in on BIDU. Barclays cut their price target on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Mizuho upped their price objective on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $130.00 target price on shares of Baidu in a research report on Wednesday, February 19th. Finally, Nomura Securities lowered shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $110.83.
Check Out Our Latest Analysis on Baidu
Baidu Profile
(
Free Report)
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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