Aurora Investment Managers LLC. Takes $3.42 Million Position in Baidu, Inc. $BIDU

Aurora Investment Managers LLC. purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 25,988 shares of the information services provider’s stock, valued at approximately $3,424,000. Baidu makes up 1.9% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in BIDU. OneDigital Investment Advisors LLC acquired a new stake in shares of Baidu during the third quarter valued at about $253,000. Kazazian Asset Management LLC boosted its holdings in Baidu by 20.2% in the third quarter. Kazazian Asset Management LLC now owns 7,720 shares of the information services provider’s stock valued at $1,017,000 after purchasing an additional 1,300 shares during the last quarter. CenterBook Partners LP acquired a new stake in Baidu during the 3rd quarter valued at approximately $405,000. GSA Capital Partners LLP purchased a new stake in Baidu during the 3rd quarter worth approximately $1,234,000. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Baidu in the 3rd quarter valued at approximately $80,000.

Baidu Trading Down 0.9%

Shares of NASDAQ:BIDU opened at $135.86 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $141.13 and its 200 day moving average price is $125.11. The company has a market cap of $46.93 billion, a PE ratio of 45.14 and a beta of 0.32. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $165.30.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BIDU shares. Bank of America lifted their price target on shares of Baidu from $100.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. National Bank Financial raised shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. Barclays upped their target price on shares of Baidu from $100.00 to $147.00 and gave the company an “equal weight” rating in a research note on Monday, January 26th. UBS Group reiterated a “buy” rating on shares of Baidu in a research note on Wednesday, February 4th. Finally, Citigroup restated a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.94.

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.