Infini Capital Management Ltd Sells 22,762 Shares of Baidu, Inc. $BIDU

Key Points

• Infini Capital Management trimmed its stake in Baidu by 40.5%, selling 22,762 shares in Q3 and now holds 33,399 shares worth $4.401 million, making Baidu about 4.3% of its holdings and its second-largest position.
• Analyst consensus is a Moderate Buy with an average price target of $157.89, following mixed updates from firms that both raised and lowered targets (e.g., Bank of America raised its target to $151).
• Baidu has a market cap of $42.31 billion, a P/E of 77.03 and a 52-week range of $74.71 to $165.30, trading near its 50-day ($141.55) and 200-day ($127.92) moving averages.

Infini Capital Management Ltd trimmed its stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 40.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,399 shares of the information services provider's stock after selling 22,762 shares during the quarter. Baidu comprises about 4.3% of Infini Capital Management Ltd's holdings, making the stock its 2nd biggest position. Infini Capital Management Ltd's holdings in Baidu were worth $4,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Binnacle Investments Inc acquired a new position in shares of Baidu during the second quarter valued at about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Baidu in the 2nd quarter valued at about $43,000. UMB Bank n.a. grew its stake in shares of Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider's stock valued at $45,000 after buying an additional 134 shares during the period. Ameritas Advisory Services LLC increased its position in Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider's stock valued at $49,000 after buying an additional 372 shares in the last quarter. Finally, Assetmark Inc. increased its position in Baidu by 127.6% in the 2nd quarter. Assetmark Inc. now owns 742 shares of the information services provider's stock valued at $64,000 after buying an additional 416 shares in the last quarter.

Analysts Set New Price Targets

BIDU has been the topic of several recent research reports. UBS Group reiterated a "buy" rating on shares of Baidu in a report on Wednesday, February 4th. Bank of America boosted their price objective on Baidu from $100.00 to $151.00 and gave the company a "buy" rating in a report on Wednesday, November 19th. Wall Street Zen lowered Baidu from a "hold" rating to a "sell" rating in a research report on Saturday. Nomura cut their target price on Baidu from $196.00 to $186.00 and set a "buy" rating on the stock in a report on Friday. Finally, China Renaissance raised shares of Baidu from a "hold" rating to a "buy" rating and lifted their price target for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.89.

Baidu Price Performance

BIDU stock opened at $122.48 on Tuesday. The company has a market capitalization of $42.31 billion, a P/E ratio of 77.03 and a beta of 0.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 1.76. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $165.30. The business has a 50-day simple moving average of $141.55 and a two-hundred day simple moving average of $127.92.

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.

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