Keystone Investors PTE Ltd. Makes New Investment in Baidu, Inc. $BIDU

Keystone Investors PTE Ltd. acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, HoldingsChannel reports. The fund acquired 165,172 shares of the information services provider’s stock, valued at approximately $21,581,000. Baidu comprises about 1.9% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 15th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in BIDU. Binnacle Investments Inc bought a new stake in Baidu during the 2nd quarter worth about $29,000. Ameritas Advisory Services LLC grew its holdings in Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after acquiring an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock worth $53,000 after acquiring an additional 105 shares during the last quarter. Winthrop Capital Management LLC bought a new stake in Baidu during the 4th quarter worth about $59,000. Finally, Hollencrest Capital Management grew its holdings in Baidu by 2,500.0% during the 4th quarter. Hollencrest Capital Management now owns 520 shares of the information services provider’s stock worth $68,000 after acquiring an additional 500 shares during the last quarter.

Wall Street Analyst Weigh In

BIDU has been the topic of several recent research reports. Zacks Research lowered shares of Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. BNP Paribas Exane assumed coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price objective on the stock. Barclays reduced their price objective on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings cut shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Zephirin Group raised their price objective on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Price Performance

Shares of BIDU stock opened at $115.77 on Friday. Baidu, Inc. has a 52-week low of $83.30 and a 52-week high of $165.30. The stock has a market cap of $39.39 billion, a PE ratio of -964.67, a PEG ratio of 1.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50 day moving average price is $126.68 and its two-hundred day moving average price is $129.85.

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.