Monaco Asset Management SAM Has $15.29 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

Monaco Asset Management SAM lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 48.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,371 shares of the information services provider’s stock after purchasing an additional 59,401 shares during the quarter. Baidu comprises 2.2% of Monaco Asset Management SAM’s investment portfolio, making the stock its 4th biggest holding. Monaco Asset Management SAM owned about 0.05% of Baidu worth $15,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in BIDU. Rialto Wealth Management LLC bought a new stake in Baidu during the 4th quarter valued at $42,000. Sycomore Asset Management acquired a new position in shares of Baidu during the fourth quarter valued at about $51,000. World Investment Advisors LLC bought a new stake in shares of Baidu during the third quarter worth about $72,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Baidu in the 3rd quarter worth about $82,000. Finally, Denver PWM LLC lifted its position in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 220 shares in the last quarter.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $94.26 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $88.14 and a two-hundred day simple moving average of $89.30. Baidu, Inc. has a 1-year low of $77.20 and a 1-year high of $116.25. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BIDU. Mizuho boosted their price objective on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Barclays raised their price objective on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.25.

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.