Baidu, Inc. (NASDAQ:BIDU) Shares Purchased by Infini Capital Management Ltd

Infini Capital Management Ltd increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 1,510.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,360 shares of the information services provider’s stock after purchasing an additional 169,160 shares during the period. Baidu accounts for 19.2% of Infini Capital Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Infini Capital Management Ltd owned 0.05% of Baidu worth $15,206,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after acquiring an additional 140 shares during the period. Denver PWM LLC lifted its stake in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares during the period. Intellectus Partners LLC lifted its stake in shares of Baidu by 1.5% in the 3rd quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock worth $1,741,000 after acquiring an additional 250 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Baidu by 6.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock worth $586,000 after acquiring an additional 357 shares during the period. Finally, Ignite Planners LLC lifted its stake in shares of Baidu by 7.3% in the 4th quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock worth $466,000 after acquiring an additional 376 shares during the period.

Analysts Set New Price Targets

BIDU has been the subject of several recent analyst reports. Barclays raised their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research note on Monday, November 25th. Citigroup reduced their price objective on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Susquehanna cut shares of Baidu from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $85.00 in a research note on Monday, November 25th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Baidu has an average rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Up 1.7 %

NASDAQ:BIDU opened at $91.19 on Friday. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The firm has a market capitalization of $31.97 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.91 and a beta of 0.46. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $87.08 and its 200 day moving average price is $88.93.

Baidu Company 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.