Baidu, Inc. $BIDU Holdings Increased by Rheos Capital Works Inc.

Key Points

• Rheos Capital Works boosted its Baidu stake by 9.3% to 352,000 shares, a holding valued at about $46.0 million that represents 2.9% of Rheos's portfolio and is its eighth-largest position.
• Several other institutions — including Schroder, RPD Fund, Contrarius, Bank of America and Steadfast — also initiated or significantly increased Baidu positions in recent quarters, indicating broad institutional buying interest.
• Baidu shares opened at $111.28 and trade below their 50- and 200-day moving averages (~$128–$129); the company has a market cap of ~$37.9 billion and a MarketBeat consensus rating of "Moderate Buy" with a target price of $158.05.

Rheos Capital Works Inc. boosted its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,000 shares of the information services provider's stock after purchasing an additional 30,000 shares during the quarter. Baidu comprises 2.9% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 8th biggest position. Rheos Capital Works Inc. owned about 0.10% of Baidu worth $45,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BIDU. Schroder Investment Management Group purchased a new stake in Baidu in the 3rd quarter worth approximately $165,334,000. RPD Fund Management LLC lifted its stake in Baidu by 161.6% in 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 purchasing an additional 777,570 shares in the last quarter. Contrarius Group Holdings Ltd lifted its stake in Baidu by 500.3% in the 3rd quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider's stock worth $117,506,000 after purchasing an additional 743,205 shares in the last quarter. Bank of America Corp DE lifted its stake in Baidu by 106.7% in 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 purchasing an additional 582,832 shares in the last quarter. Finally, Steadfast Capital Management LP purchased a new stake in Baidu in the 3rd quarter worth approximately $59,966,000.

Baidu Stock Performance

Baidu stock opened at $111.28 on Tuesday. The firm's fifty day moving average price is $128.65 and its 200-day moving average price is $129.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $37.86 billion, a P/E ratio of 69.99 and a beta of 0.44. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $165.30.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research cut shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Citigroup restated a "buy" rating on shares of Baidu in a research report on Tuesday, January 13th. UBS Group restated a "buy" rating on shares of Baidu in a research report on Wednesday, February 4th. Benchmark restated a "buy" rating on shares of Baidu in a research report on Friday, February 20th. Finally, Nomura lowered their price objective on shares of Baidu from $196.00 to $186.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.05.

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.

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