Baidu, Inc. $BIDU Stock Position Increased by Triata Capital Ltd

Key Points

• Triata Capital Ltd increased its stake in Baidu, Inc. by 193.9% in Q1, acquiring an additional 375,007 shares, making Baidu its second largest position.
• Analysts have mixed views on Baidu, with Barclays lowering its price target to $81.00, while Citigroup raised it to $140.00, resulting in a consensus rating of "Hold".
• Baidu's current stock price is $89.85, with a market cap of $31.04 billion and a PE ratio of 8.91, reflecting stability and growth potential in the tech sector.

Triata Capital Ltd boosted its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 193.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 568,432 shares of the information services provider's stock after acquiring an additional 375,007 shares during the quarter. Baidu accounts for approximately 11.8% of Triata Capital Ltd's holdings, making the stock its 2nd largest position. Triata Capital Ltd owned approximately 0.16% of Baidu worth $52,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Baidu by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 120,628 shares of the information services provider's stock worth $10,170,000 after buying an additional 1,020 shares in the last quarter. Cerity Partners LLC grew its position in shares of Baidu by 17.5% during the fourth quarter. Cerity Partners LLC now owns 4,281 shares of the information services provider's stock valued at $365,000 after purchasing an additional 638 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Baidu in the fourth quarter worth about $3,497,000. Rockefeller Capital Management L.P. grew its position in Baidu by 16.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 29,110 shares of the information services provider's stock worth $2,454,000 after acquiring an additional 4,047 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays decreased their price objective on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Citigroup lifted their price target on shares of Baidu from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Macquarie reissued a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Benchmark cut their price target on shares of Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their price target on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Baidu presently has a consensus rating of "Hold" and a consensus price target of $105.09.

Baidu Stock Up 1.3%

Shares of NASDAQ BIDU opened at $89.85 on Monday. 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 $31.04 billion, a PE ratio of 8.91 and a beta of 0.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $87.61 and a 200 day moving average of $88.45.

Baidu Profile

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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