B. Metzler seel. Sohn & Co. AG Grows Holdings in Baidu, Inc. $BIDU

B. Metzler seel. Sohn & Co. AG lifted its stake in Baidu, Inc. (NASDAQ:BIDU) by 204.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,207 shares of the information services provider’s stock after acquiring an additional 8,193 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Baidu were worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BIDU. Blue Trust Inc. raised its holdings in shares of Baidu by 2.0% in the 3rd quarter. Blue Trust Inc. now owns 4,378 shares of the information services provider’s stock valued at $577,000 after buying an additional 85 shares during the period. State of Wyoming lifted its position in shares of Baidu by 13.2% during the third quarter. State of Wyoming now owns 857 shares of the information services provider’s stock worth $113,000 after purchasing an additional 100 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Baidu by 11.6% during the third quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock worth $137,000 after purchasing an additional 108 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Baidu by 4.0% in the third quarter. Silver Oak Securities Incorporated now owns 2,969 shares of the information services provider’s stock valued at $391,000 after purchasing an additional 114 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 134 shares in the last quarter.

Baidu Stock Performance

Shares of BIDU stock opened at $125.50 on Wednesday. The company has a market cap of $43.35 billion, a P/E ratio of 78.93 and a beta of 0.32. The firm has a fifty day moving average price of $141.42 and a 200 day moving average price of $128.17. The company has a current ratio of 1.76, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $165.30.

Analyst Ratings Changes

Several brokerages recently weighed in on BIDU. Jefferies Financial Group upped their target price on shares of Baidu from $159.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Bank of America boosted 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. The Goldman Sachs Group upped their price objective on Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Zacks Research cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, UBS Group restated a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.89.

Baidu Company Profile

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.