Triata Capital Ltd Invests $16.31 Million in Baidu, Inc. (NASDAQ:BIDU)

Triata Capital Ltd purchased a new position in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 193,425 shares of the information services provider’s stock, valued at approximately $16,308,000. Baidu makes up about 6.8% of Triata Capital Ltd’s investment portfolio, making the stock its 5th largest position.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Baidu by 147.5% in the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock valued at $32,161,000 after purchasing an additional 227,338 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Baidu in the 4th quarter worth approximately $558,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 worth $30,317,000 after acquiring an additional 330,627 shares during the period. Ping Capital Management Inc. lifted its stake in shares of Baidu by 300.0% in the 4th quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock worth $843,000 after acquiring an additional 7,500 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Baidu in the 4th quarter worth approximately $2,202,000.

Baidu Stock Up 0.2%

BIDU stock opened at $89.34 on Friday. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $116.25. The firm has a market cap of $30.86 billion, a PE ratio of 9.74, a P/E/G ratio of 2.96 and a beta of 0.37. The firm has a 50 day simple moving average of $89.03 and a 200 day simple moving average of $87.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BIDU. Mizuho upped their price target on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Nomura Securities lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Nomura lowered shares of Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 price target on shares of Baidu in a research note on Wednesday, February 19th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.55.

Baidu Company 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.