Rheos Capital Works Inc. Grows Holdings in Baidu, Inc. $BIDU

Rheos Capital Works Inc. lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 9.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 352,000 shares of the information services provider’s stock after buying an additional 30,000 shares during the quarter. Baidu accounts for about 2.9% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 8th largest holding. Rheos Capital Works Inc.’s holdings in Baidu were worth $45,992,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Binnacle Investments Inc bought a new position in shares of Baidu during the 2nd quarter valued at $29,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 134 shares during the last quarter. Ameritas Advisory Services LLC grew 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 valued at $49,000 after purchasing an additional 372 shares during the last quarter. Sycomore Asset Management bought a new position in shares of Baidu during the 3rd quarter valued at $79,000. Finally, Mondrian Investment Partners LTD bought a new position in shares of Baidu during the 3rd quarter valued at $80,000.

Analysts Set New Price Targets

BIDU has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Baidu in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Barclays reduced their target price on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Nomura cut their price target on shares of Baidu from $196.00 to $186.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, BNP Paribas Exane started coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.05.

Baidu Price Performance

Shares of Baidu stock opened at $111.28 on Tuesday. The firm has a market cap of $37.86 billion, a PE ratio of 69.99 and a beta of 0.44. Baidu, Inc. has a 12-month low of $74.71 and a 12-month high of $165.30. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $128.65 and its two-hundred day simple moving average is $129.45.

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.