Factory Mutual Insurance Co. Invests $989,000 in Baidu, Inc. $BIDU

Factory Mutual Insurance Co. bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,570 shares of the information services provider’s stock, valued at approximately $989,000.

Several other large investors have also recently bought and sold shares of BIDU. Binnacle Investments Inc purchased a new position in Baidu in the second quarter valued at $29,000. UMB Bank n.a. increased its holdings in Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after buying an additional 134 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Baidu by 12,400.0% in the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after buying an additional 372 shares during the last quarter. Sycomore Asset Management purchased a new position in Baidu in the third quarter valued at $79,000. Finally, Mondrian Investment Partners LTD purchased a new position in Baidu in the third quarter valued at $80,000.

Baidu Stock Performance

NASDAQ BIDU opened at $108.41 on Friday. 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 $79.13 and a 52-week high of $165.30. The business’s 50-day moving average price is $124.94 and its 200 day moving average price is $128.85. The firm has a market cap of $36.89 billion, a P/E ratio of 68.18 and a beta of 0.44.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BNP Paribas Exane assumed coverage on Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price on the stock. Citigroup reissued a “buy” rating on shares of Baidu in a report on Tuesday, January 13th. Morgan Stanley dropped their target price on Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. UBS Group reissued a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Finally, Zacks Research lowered Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.05.

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.