Baidu, Inc. $BIDU Holdings Increased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,721 shares of the information services provider’s stock after purchasing an additional 27,300 shares during the period. Baidu comprises approximately 2.8% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 6th largest holding. Nan Fung Trinity HK Ltd.’s holdings in Baidu were worth $35,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Keel Point LLC increased its stake in Baidu by 1.7% in the third quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after purchasing an additional 84 shares during the period. PDS Planning Inc raised its stake in shares of Baidu by 5.7% during the fourth quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after acquiring an additional 88 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Baidu by 8.4% in the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 99 shares during the period. State of Wyoming boosted its holdings in shares of Baidu by 13.2% in the third quarter. State of Wyoming now owns 857 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 100 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Baidu by 11.6% in the third quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 108 shares during the period.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of research reports. China Renaissance upgraded Baidu from a “hold” rating to a “buy” rating and boosted their price target for the company from $134.00 to $180.00 in a report on Tuesday, February 3rd. Nomura lowered their price target on Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a report on Friday, March 6th. Morgan Stanley lowered their price target on Baidu from $150.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Barclays lowered their price target on Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Finally, Zephirin Group boosted their price target on Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Baidu presently has an average rating of “Moderate Buy” and a consensus price target of $158.05.

Baidu Stock Performance

Shares of BIDU stock opened at $141.05 on Friday. The firm has a market cap of $47.99 billion, a price-to-earnings ratio of 88.71 and a beta of 0.53. The company’s 50 day moving average is $119.96 and its 200 day moving average is $128.10. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a 52-week low of $81.17 and a 52-week high of $165.30.

Baidu 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.