8,491 Shares in Baidu, Inc. $BIDU Bought by Aureus Asset Management LLC

Aureus Asset Management LLC bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,491 shares of the information services provider’s stock, valued at approximately $946,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIDU. Signature Equity Partners LLC purchased a new position in Baidu during the first quarter valued at approximately $25,000. Binnacle Investments Inc purchased a new stake in shares of Baidu in the second quarter worth about $29,000. Sankala Group LLC acquired a new stake in Baidu during the fourth quarter valued at $46,000. Brown Brothers Harriman & Co. increased its position in shares of Baidu by 35.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Baidu by 25.9% in the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after buying an additional 88 shares in the last quarter.

Key Baidu News

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Baidu announced it is moving ahead with a conversion of its Hong Kong secondary listing into a dual-primary listing, a step that could improve trading flexibility, broaden its investor base, and strengthen its capital-markets profile. Baidu Provides Update on Voluntary Conversion to Dual-Primary Listing
• Positive Sentiment: J.P. Morgan reportedly initiated a bullish view on Baidu’s Hong Kong-listed shares, which may support sentiment around the company’s AI and internet businesses. Baidu, Inc. Class A (9888) Gets a Buy from J.P. Morgan

Analysts Set New Price Targets

BIDU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Susquehanna upped their target price on shares of Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings downgraded shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Citigroup reiterated a “buy” rating on shares of Baidu in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.33.

Baidu Stock Down 0.6%

Shares of NASDAQ:BIDU opened at $107.52 on Thursday. The firm has a market cap of $36.58 billion, a price-to-earnings ratio of -895.93, a PEG ratio of 2.34 and a beta of 0.56. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $119.62 and its two-hundred day moving average price is $127.73. Baidu, Inc. has a 12-month low of $84.64 and a 12-month high of $165.30.

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.