Schroder Investment Management Group Acquires Shares of 1,225,970 Baidu, Inc. $BIDU

Key Points

• Schroder Investment Management Group opened a new position of 1,225,970 Baidu shares in Q3, worth about $165.3 million and representing roughly 0.35% of the company.
• Analyst sentiment is mixed but leans positive: Baidu has a consensus rating of “Moderate Buy” with a $157.89 target, while recent firm notes range from a $128 target (Barclays) to $188 (JPMorgan).
• Baidu recently traded around $122.48, has a market cap of about $42.3 billion, a P/E of ~77, and a 52‑week range of $74.71 to $165.30.

Schroder Investment Management Group bought a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,225,970 shares of the information services provider's stock, valued at approximately $165,334,000. Schroder Investment Management Group owned approximately 0.35% of Baidu at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. UMB Bank n.a. boosted its position in shares of Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider's stock valued at $45,000 after acquiring an additional 134 shares during the last quarter. Binnacle Investments Inc purchased a new stake in shares of Baidu in the 2nd quarter valued at approximately $29,000. Ameritas Advisory Services LLC increased its holdings in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider's stock worth $49,000 after buying an additional 372 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $43,000. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of Baidu during the 3rd quarter valued at approximately $80,000.

Baidu Stock Up 2.9%

Shares of NASDAQ BIDU opened at $122.48 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $141.55 and its two-hundred day moving average is $127.92. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $165.30. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 77.03 and a beta of 0.33.

Wall Street Analysts Forecast Growth

BIDU has been the subject of several analyst reports. Wall Street Zen lowered Baidu from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays reduced their target price on Baidu from $147.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Thursday. China Renaissance raised Baidu from a "hold" rating to a "buy" rating and upped their price target for the company from $134.00 to $180.00 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded Baidu from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $110.00 to $188.00 in a report on Monday, November 24th. Finally, Bank of America raised their price objective on Baidu from $100.00 to $151.00 and gave the stock a "buy" rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.89.

Baidu Company 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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