Sycomore Asset Management Takes Position in Baidu, Inc. (NASDAQ:BIDU)

Sycomore Asset Management bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 600 shares of the information services provider’s stock, valued at approximately $51,000.

Several other large investors have also recently bought and sold shares of BIDU. International Assets Investment Management LLC increased its holdings in shares of Baidu by 12,065.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after purchasing an additional 1,061,893 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in Baidu during the third quarter worth about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Baidu during the third quarter valued at about $36,272,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after acquiring an additional 330,627 shares in the last quarter. Finally, Hhlr Advisors LTD. bought a new stake in shares of Baidu in the 3rd quarter worth approximately $31,587,000.

Analysts Set New Price Targets

A number of brokerages recently commented on BIDU. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and cut their target price for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Mizuho dropped their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Monday, November 25th. Citigroup dropped their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Hold” and a consensus target price of $113.75.

Baidu Stock Performance

Shares of NASDAQ:BIDU opened at $89.32 on Monday. The business has a fifty day moving average of $86.18 and a 200-day moving average of $88.53. The firm has a market cap of $31.32 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. Baidu, Inc. has a twelve month low of $77.19 and a twelve month high of $116.25.

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.