Armor Advisors L.L.C. Has $3.60 Million Stock Holdings in Baidu, Inc. $BIDU

Armor Advisors L.L.C. trimmed its position in Baidu, Inc. (NASDAQ:BIDU) by 30.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,000 shares of the information services provider’s stock after selling 18,000 shares during the quarter. Baidu makes up 1.9% of Armor Advisors L.L.C.’s holdings, making the stock its 12th largest position. Armor Advisors L.L.C.’s holdings in Baidu were worth $3,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BIDU. Kingstone Capital Partners Texas LLC bought a new stake in Baidu in the 2nd quarter valued at $80,618,000. Triata Capital Ltd lifted its stake in shares of Baidu by 193.9% during the 1st quarter. Triata Capital Ltd now owns 568,432 shares of the information services provider’s stock worth $52,313,000 after buying an additional 375,007 shares during the last quarter. GMT Capital Corp boosted its holdings in shares of Baidu by 43.2% during the 1st quarter. GMT Capital Corp now owns 591,427 shares of the information services provider’s stock worth $54,429,000 after buying an additional 178,300 shares during the period. Primecap Management Co. CA increased its stake in shares of Baidu by 1.4% during the second quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock worth $1,039,132,000 after purchasing an additional 170,414 shares during the period. Finally, Hhlr Advisors LTD. bought a new stake in shares of Baidu in the first quarter valued at about $15,645,000.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $125.01 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $149.51. The firm has a market cap of $43.18 billion, a PE ratio of 41.53 and a beta of 0.44. The firm’s fifty day moving average is $123.05 and its 200-day moving average is $105.75.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. National Bankshares raised Baidu to an “outperform” rating in a research report on Monday, November 24th. Daiwa Capital Markets set a $160.00 target price on shares of Baidu and gave the company a “buy” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft raised Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, November 6th. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Baidu from a “neutral” rating to an “overweight” rating and raised their price target for the company from $110.00 to $188.00 in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Baidu presently has an average rating of “Moderate Buy” and an average price target of $146.11.

Baidu 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.