Keystone Investors PTE Ltd. Takes $21.58 Million Position in Baidu, Inc. $BIDU

Keystone Investors PTE Ltd. acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 165,172 shares of the information services provider’s stock, valued at approximately $21,581,000. Baidu makes up approximately 1.9% of Keystone Investors PTE Ltd.’s holdings, making the stock its 15th biggest position.

Other hedge funds also recently made changes to their positions in the company. Binnacle Investments Inc acquired a new position in shares of Baidu in the 2nd quarter valued at $29,000. Ameritas Advisory Services LLC raised its stake in shares of 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. Brown Brothers Harriman & Co. raised its stake in shares of Baidu by 35.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares in the last quarter. Winthrop Capital Management LLC acquired a new position in shares of Baidu in the 4th quarter valued at $59,000. Finally, Hollencrest Capital Management raised its stake in shares of Baidu by 2,500.0% in the 4th quarter. Hollencrest Capital Management now owns 520 shares of the information services provider’s stock valued at $68,000 after buying an additional 500 shares in the last quarter.

Baidu Trading Down 0.3%

Shares of Baidu stock opened at $115.77 on Friday. Baidu, Inc. has a 12-month low of $83.30 and a 12-month high of $165.30. The company has a 50-day simple moving average of $126.68 and a 200 day simple moving average of $129.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $39.39 billion, a P/E ratio of -964.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BIDU shares. Susquehanna increased their target price on shares of Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Nomura increased their target price on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. BNP Paribas Exane started coverage on shares of Baidu in a research report on Wednesday, April 1st. They set an “outperform” rating and a $161.00 target price for the company. Morgan Stanley increased their target price on shares of Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Finally, Barclays dropped their target price on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and an average target price of $162.58.

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.