Nano Cap New Millennium Growth Fund L P Takes $1.11 Million Position in Baidu, Inc. $BIDU

Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,500 shares of the information services provider’s stock, valued at approximately $1,111,000.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Baidu by 65.0% during the 3rd 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 during the last quarter. Binnacle Investments Inc bought a new position in shares of Baidu during the 2nd quarter valued at approximately $29,000. Ameritas Advisory Services LLC increased its position in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares during the last quarter. Sycomore Asset Management bought a new position in shares of Baidu during the 3rd quarter valued at approximately $79,000. Finally, Mondrian Investment Partners LTD bought a new position in shares of Baidu during the 3rd quarter valued at approximately $80,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BIDU. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday. Nomura upped their price objective on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday. China Renaissance raised Baidu from a “hold” rating to a “buy” rating and upped their price objective for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. UBS Group reaffirmed a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Finally, Susquehanna upped their price objective on Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Price Performance

Shares of BIDU stock opened at $131.18 on Friday. Baidu, Inc. has a twelve month low of $81.17 and a twelve month high of $165.30. The stock has a market capitalization of $44.63 billion, a price-to-earnings ratio of -1,093.08, a P/E/G ratio of 2.28 and a beta of 0.53. The stock has a fifty day simple moving average of $123.35 and a two-hundred day simple moving average of $129.30. The company has a current ratio of 1.85, a quick ratio of 1.76 and a debt-to-equity ratio of 0.22.

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.