Polunin Capital Partners Ltd Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Polunin Capital Partners Ltd purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 344,972 shares of the information services provider's stock, valued at approximately $31,748,000. Baidu accounts for about 5.4% of Polunin Capital Partners Ltd's holdings, making the stock its 7th largest position. Polunin Capital Partners Ltd owned about 0.10% of Baidu at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC acquired a new stake in shares of Baidu during the fourth quarter worth about $42,000. Sycomore Asset Management purchased a new position in Baidu during the fourth quarter valued at approximately $51,000. GeoWealth Management LLC raised its position in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares in the last quarter. Investors Research Corp raised its position in Baidu by 20.5% during the first quarter. Investors Research Corp now owns 1,760 shares of the information services provider's stock valued at $162,000 after acquiring an additional 300 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Baidu during the fourth quarter valued at approximately $232,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Macquarie restated a "neutral" rating on shares of Baidu in a research report on Wednesday, May 21st. Benchmark cut their price objective on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Mizuho boosted their price objective on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Finally, Barclays set a $84.00 price objective on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Baidu presently has a consensus rating of "Hold" and a consensus price target of $107.82.

Baidu Trading Up 1.7%

Shares of Baidu stock traded up $1.44 during trading hours on Thursday, hitting $86.33. The company's stock had a trading volume of 2,274,071 shares, compared to its average volume of 4,140,785. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The firm has a fifty day moving average of $85.99 and a 200-day moving average of $87.65. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

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.