600 Shares in Baidu, Inc. (NASDAQ:BIDU) Purchased by Sycomore Asset Management

Sycomore Asset Management bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 600 shares of the information services provider’s stock, valued at approximately $51,000.

Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 593 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Baidu in the 3rd quarter valued at about $72,000. Grove Bank & Trust increased its stake in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Baidu in the 3rd quarter valued at approximately $82,000. Finally, Denver PWM LLC boosted its stake in Baidu by 28.5% during 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 last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BIDU shares. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Barclays lowered Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Baidu in a report on Friday, January 24th. JPMorgan Chase & Co. cut Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $113.75.

Baidu Trading Up 0.6 %

Shares of NASDAQ:BIDU opened at $89.32 on Monday. The company’s 50-day moving average price is $86.18 and its two-hundred day moving average price is $88.53. Baidu, Inc. has a one year low of $77.19 and a one year high of $116.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market capitalization of $31.32 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46.

Baidu 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.