15,380 Shares in Baidu, Inc. $BIDU Purchased by Voya Investment Management LLC

Voya Investment Management LLC acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,380 shares of the information services provider’s stock, valued at approximately $2,027,000.

Other large investors also recently bought and sold shares of the company. Heritage Family Offices LLP acquired a new position in shares of Baidu in the 3rd quarter worth approximately $250,000. Assenagon Asset Management S.A. lifted its stake in Baidu by 2,258.8% during the third quarter. Assenagon Asset Management S.A. now owns 64,914 shares of the information services provider’s stock worth $8,554,000 after purchasing an additional 62,162 shares during the last quarter. Polunin Capital Partners Ltd lifted its stake in Baidu by 19.9% during the third quarter. Polunin Capital Partners Ltd now owns 412,368 shares of the information services provider’s stock worth $58,556,000 after purchasing an additional 68,496 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Baidu by 7.9% in the second quarter. Corient Private Wealth LLC now owns 5,011 shares of the information services provider’s stock worth $430,000 after purchasing an additional 367 shares during the period. Finally, Marex Group plc bought a new stake in Baidu during the second quarter valued at $7,200,000.

Baidu Stock Performance

BIDU opened at $124.80 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $121.82 and its 200-day moving average is $108.66. The stock has a market cap of $43.11 billion, a PE ratio of 41.46 and a beta of 0.44. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $149.51.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BIDU shares. Daiwa Capital Markets set a $160.00 price target on shares of Baidu and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Arete Research raised shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Tuesday, September 16th. Benchmark lifted their target price on Baidu from $115.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Nomura Securities upgraded Baidu from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Finally, Citigroup restated a “buy” rating on shares of Baidu in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.11.

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.